the exponential function is n(t) =n° (1+r)∧t, where t is the power refers the time in months after opening and n denotes average customer.
when the rate of increases is occurred very rapidly. In this question, the trendy restaurant has earned reputation.
Given, average number of customers after 11 months of opening = n(11) =310
average number of customers after 15 months of opening= n(15) =456
during this 4 month increases of customer =456 -310 =146
increasing rate of customer per month = 146/4 = 36.5
now increasing rate in percentages = 36.5 %
exponential growth rate, r= 0.365
let, n° is the initial number of customer while opening at t=0 month
now, the exponential function n(t) that model's average number of customers, n after t months of being open will be
n(t) = n° ( 1+r)∧t
we are given that after 11 months of opening average customer n(11) = 310
now, 310 = n° (1+ 0.365)∧11
n° = 10
hence, the exponential function = n(t) = 10(1+r)∧t
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