Answer to Question #323277 in Financial Math for mafi

Question

1. The chairman is trying to forecast the number of tourists who would be visiting the city of Adama in the coming year. Some students from Royal College have examined the problem as part of course project. They estimated the current year’s volume as 110,000 tourists. They have also projected that the volume in the next year will be 120,000 and the volume in the future will continues to grow at the same rate. Determine equation of a line which relates the number of tourists, P, to year’s t as measured from this current year?