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On the first day of a song's release, it had 20 million streams. If the number of streams increases by 10% per day, how many streams will there be on the seventh day? Round to the nearest million.

27 million
35 million
37 million
38 million

Sagot :

Yaritzavilla3idn

Answer:

35 million

Step-by-step explanation:

20000000×70%=35million

Compounding is a process where the interest is credited to the initial amount and interest, on the whole, is charged again. The correct option is D, 38 millon.

What is compounding?

Compounding is a process where the interest is credited to the initial amount and interest, on the whole, is charged again. and this continues for t period of time.

It is given by the formula,

A = P(1+r)ⁿ

where, A is the value after n period of time, P is the initial amount, and,

r is the rate of increment or decrement.

Given that On the first day of a song's release, it had 20 million streams. Also, the number of streams increases by 10% per day. Therefore, it can be said that the number of streams is compounding. Thus, the number of streams on the seventh day will be,

Number of streams = 20 (1+0.10)⁷ million

                                 = 20 × 1.9487 million

                                 = 38.974 million

                                 = 38 million

Hence, the number of streams there will be on the seventh day is 38 million.

Learn more about Compounding:

https://brainly.com/question/25857212

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