The growth of a company can be described by the equation N = 500(0.02)0.7t where t is the number of years the company has been in existence and N is the number of employees. (a) What is the number of employees when t = 0? (This is the number of employees the company has when it starts.) N = employees (b) What is the number of employees when t = 8? (Round your answer to the nearest whole number.) N = employees

College Algebra
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ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.7: Exponential And Logarithmic Models
Problem 6SE: The temperature of an object in degrees Fahrenheit after t minutes is represented by the equation...
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The growth of a company can be described by the equation

N = 500(0.02)0.7t

where t is the number of years the company has been in existence and N is the number of employees.

(a) What is the number of employees when 
t = 0?
 (This is the number of employees the company has when it starts.)
N =  employees


(b) What is the number of employees when 
t = 8?
 (Round your answer to the nearest whole number.)
N =  employees
 
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