Exponential and Logarithmic Models · Exercise 56

Use this scenario: The equation $N\left(t\right)=\frac{500}{1+49e^{-0.7t}}$ models the number of people in a town who have heard a rumor after t days.

As $t$ increases without bound, what value does $N\left(t\right)$ approach? Interpret your answer.

Its source prints no answer for this problem, so there's nothing to check against.

OpenStax, Algebra and Trigonometry 2e · §6.7 Exponential and Logarithmic Models · Exercise 56