An internet service provider had a Total of 17,156 customers last year. They gained a net of $1,802
Customer's this year. They hope to reach at least 35,000 customers in 10 years. estimate the number of customers they need to reach their goal.
To estimate the number of customers the internet service provider needs to reach their goal in 10 years, we need to calculate the average annual growth rate.
First, we need to find the total number of customers gained over the past year:
New customers = Total customers this year - Total customers last year
New customers = 17,156 + 1,802 = 18,958 customers
Next, we can calculate the average annual growth rate by dividing the total customers gained by the number of years:
Average annual growth rate = New customers / Number of years
Average annual growth rate = 18,958 / 1 = 18,958 customers/year
To estimate the number of customers needed to reach their goal in 10 years, we can multiply the average annual growth rate by the number of years:
Estimated customers needed = Average annual growth rate * Number of years
Estimated customers needed = 18,958 * 10 = 189,580 customers
Therefore, the internet service provider needs to reach approximately 189,580 customers to achieve their goal of 35,000 customers in 10 years.