A little more than 43 million households own dogs in the US. The rate of increase in dog ownership is 1.5% each year. Approximately how many households are expected to own dogs in 10 years, if this trend continues?
\(K_n=K(1+\frac{r}{100})^n\) Kn is the value searched K --> capital r --> interest rate n --> number of compounding periods \(K_n=43000000*(1+\frac{1,5}{100})^1^0\) = 49903255.48
