Answer :
43 million households own dogs.
What is 1.5% of that?
645,000.
You multiply this number by 10 for how many years it's being calculated.
This would be 6,450,000.
Add this number to 43 million (43,000,000) and you get 49,450,000.
Answer: About 49.9 million are expected to own dogs in 10 years.
Step-by-step explanation:
The exponential growth equation is given by :-
[tex]y=A(1+r)^x[/tex], where A is the initial amount, r is the rate of increase and t is the number of time period.
Given : Initial amount is about 43 million.
Rate of increase per year : r= 1.5% = 0.015
Then , the number of households are expected to own dogs in 10 years is given by :-
[tex]y=43(1+0.015)^{10}=49.9032554761\approx49.9[/tex]
Hence, about 49.9 million households are expected to own dogs in 10 years.