For this case we have an equation of the form:
Where,
A: initial amount
b: growth rate
x: number of years
Substituting values we have:
By the time the earnings increase to 75000 we have:
From here, we clear x:
Answer:
you will have to wait until 23.95 years your winnings are worth $ 75,000
Answer:
The answer is demographic segmentation.
Explanation:
Demographic segmentation refers to a method concerning market segmentation that takes into account aspects like age, gender, income, among others. Some demographic aspects like age, sex, gender or religion are important in terms of research.
Demographic segmentation is an important tool for organizations to help them to understand consumer behavior, and in this way, improve their performance.