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