Hi guys, how do I find the month? I can't find the equation.
The Petflix company runs a subscription business to use their services, users pay a monthly, fixed fee of PLN , 150. This month, the total number of paying users is 2150. Let's assume that: over the next months, the marketing team will attract 300 new paying users every month. monthly "churn" (% of paying users who cancel their subscription) will remain constant at 11%. In how many months will the Petflix user base stop growing?
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