An internet service provider had a total of 17,156 customers last year. Thet gained a net of 1802 customers this year. They hope to reach at least 35000 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, we need to calculate their average annual growth rate.
The net gain of customers this year is 1802. We can use this information to estimate the average annual growth rate by dividing the net gain by the number of years:
1802 customers / 1 year = 1802 customers/year
Now, we can estimate the number of customers in 10 years by multiplying the average annual growth rate by the number of years:
1802 customers/year * 10 years = 18020 customers
To reach their goal of at least 35000 customers, they need to add this estimated number of customers to last year's total:
17,156 customers + 18,020 customers = 35,176 customers
Therefore, the internet service provider needs to reach at least 35,176 customers to achieve their goal in 10 years.