Question

In 2013, the number of students in a small school is 284. It is estimated that the student population will increase by 4% each year. Estimate the student population in 2020. *

Answer 1

We have to apply the next formula:

A= P(1+r)^t

Where:

P= original population (284)

r = growing rate (in decmal form) (4/100=0.04)

t= years passed (2020-2013= 7)

A= number of students after t years

Replacing:

A = 284 (1+0.04)^7

A= 284(1.04)^7

A= 373 students