Fabulous Fabrics is a new clothing brand that is growing fast. The company currently employs a team of 33 people and plans to increase that by about \( \frac{1}{3} \) each ycor while continuing to expand. Write an exponential equation in the form \( y=a(b)^{x} \) that can model the number of employees, \( y \), in \( x \) years. Use whole numbers, decimals, or simplified froctions for the values of a and \( b \). \[ y=\square \text { To the nearest whole number, how many employces does the company expect to have after } 4 \] years? employees
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To model the growth of Fabulous Fabrics' employees, we can set up the exponential equation \( y = a(b)^x \). Here, \( a \) is the initial number of employees, which is 33, and \( b \) is the growth factor. Since the company plans to increase its employees by \( \frac{1}{3} \) each year, the growth factor \( b \) would be \( 1 + \frac{1}{3} = \frac{4}{3} \). So the equation is \( y = 33\left(\frac{4}{3}\right)^x \). To find the expected number of employees after 4 years: \[ y = 33\left(\frac{4}{3}\right)^4 \] Calculating this, \[ y = 33 \cdot \left(\frac{4^4}{3^4}\right) = 33 \cdot \left(\frac{256}{81}\right) \approx 33 \cdot 3.1605 \approx 104.28 \] Rounding to the nearest whole number, Fabulous Fabrics should expect to have approximately 104 employees after 4 years.
