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Baylors current baseball team attendance averages 24,000 invididuals. the university recently announced they would build a...

Baylors current baseball team attendance averages 24,000 invididuals. the university recently announced they would build a staudium once the average reaches 50,000 individuals. if the attendence growth has average 10%per year, how many years will it be before baylor has a stadium?
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Future target attendance(F) = 50,000
Present attendance (P) = 24,000
Growth rate (r) =0.10
No.of years (n) =?

F = P(1+r)^n
50,000 =24000(1+0.1)^n

N= 7.7 years

how many years will it be before baylor has a stadium? 7.7 years

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