In the year 2002, a total of 7.8 million passengers took a cruise vacation. The global cruise industry has been growing at 8% per year for the last decade. Assume that this growth rate continues.
(a) Write a formula for to approximate the number, 𝑁, of cruise passengers (in millions) 𝑡 years after 2002.
(b) How many cruise passengers (in millions) are predicted in the year 2010?
(c) How many cruise passengers (in millions) were there in the year 2000?