Chapter 11: Problem 12
A marketing team conducted a study on the use of smartphones. In a certain metropolitan area, there were 1.6 million smartphone users at the end of 2018. The marketing team predicted that the number of smartphone users would increase by 35 percent each year beginning in 2019 . If \(y\) represents the number of smartphone users in this metropolitan area after \(x\) years, then which of the following equations best models the number of smartphone users in this area over time? 1\. \(y = 1,600,000(1.35)^{x}\) 2\. \(y = 1,600,000(35)^{x}\) 3\. \(y= 35 x+1,600,000\) 4\. \(y= \)1.35 x+1,600,000$
Short Answer
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Key Concepts
These are the key concepts you need to understand to accurately answer the question.