Question

In 1992 there were 27,000 Food Lion grocery stores in the United States. Since that year the number of stores has decreased at a rate of 10% per year. How many Food Lion stores are left in the United States in 2022? Round your answer to the nearest store

Answer 1

Based on the number of stores in 1992 and the rate of increase, the number of stores in 2022 will be 1,145 stores.

Difference in years

= 2022 - 1992

= 30 years

Number of stores in 2022

= Number of stores in 1992 x ( 1 - rate of increase) ^ number of years passed

= 27,000 x ( 1 - 10%) ³⁰

= 1,145 stores

In conclusion, there will be 1,145 stores in 2022.

Find out more on rates of decrease at https://brainly.com/question/18457533.