Math Problem Statement
An advertising company designs a campaign to introduce a new product to a metropolitan area. The company determines that 1000 people are aware of the product at the beginning of the campaign, and that the number of people aware increases by 40% every 10 days during the advertising campaign. Determine the total number of people who will be aware of the product after 100 days.
Solution
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Math Problem Analysis
Mathematical Concepts
Exponential Growth
Percentage Increase
Population Growth
Formulas
P(t) = P0 × (1 + r)^n
Theorems
Exponential Growth Theorem
Suitable Grade Level
Grades 10-12
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