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The population of a town is 20,000 and is decreasing at a rate of 5% per year. What is the population after 23 years?

The population of a town is 20,000 and is decreasing at a rate of 5% per year. What is the population after 23 years?
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The population of a town is 20,000 and is decreasing at a rate of 5% per year. What is the population after 23 years?

User Surbhi Dighe
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1 Answer

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I believe the answer should be approximately 6,147 because you would plug into the equation y=20,000(.95)^t, where t=23.
User Pramod Sivadas
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