Question

If the population for town c is 95,000, and is decreasing at a rate of 2.5% every 2 years, what is the projected population of the town c in 2003?

Answer 1

Explanation:

A = 430(1 + 0.009)^10

A = 430(1.0937)

A = 470 rounded to nearest whole number

A = 1000(1 + 0.025)^6

A = 1000(1.15969) = $1159.69 rounde to $1160