An internet service provider had a total of 17,156 customers last year they gained a net of 1,802 customers this year they hope to reach at least 35,000 customers in ten 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 ten years, we can consider the net customer growth rate.
The net customer growth rate is calculated by subtracting the number of customers from the previous year from the number of customers in the current year.
Net customer growth rate = Current year customers - Previous year customers
For this internet service provider:
Current year customers = 17,156 + 1,802 = 18,958
Previous year customers = 17,156
Net customer growth rate = 18,958 - 17,156 = 1,802
To estimate the number of customers in ten years, we can project the net customer growth rate.
Number of customers in 10 years = Current year customers + (Net customer growth rate × 10)
Number of customers in 10 years = 18,958 + (1,802 × 10) = 37,758
Therefore, the internet service provider needs to reach approximately 37,758 customers to achieve their goal of at least 35,000 customers in ten years.