Register
A certain population has been show to be declining at a 3% annual rate. The initial population is 50,000. What will the population be after 8 years?
210k views
3 votes
A certain population has been show to be declining at a 3% annual rate. The initial population is 50,000. What will the population be after 8 years?

User Gloribel
by
3.5k points

1 Answer

6 votes

Answer: 39,187 people

Explanation:

This would be best answered with a future value formula:

= Population * ( 1 + interest rate) ^ number of years

The population is declining so the interest rate will be a negative: -3%

= 50,000 * ( 1 - 3%)⁸

= 39,187 people

User Mykola Zotko
by
3.5k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.4m questions

4.3m answers

Other Questions

A study was completed in Florida. In southern Florida, the study involved 3,000 patients; 54% of them experienced flulike symptoms during the same month. The study had a margin of error of 1.8%. What does
The sanchez family goes out for dinner, and the price of the meals is $60. The sales tax on the Meals is 7 percent, and they also want to leave a 15 percent tip. What is the total cost of the meal? Analyze
A survey of 539 adults aged 18-24 year olds was conducted in which they were asked what they did last Friday night. It found: 189 watched TV 163 hung out with friends 29 watched TV and ate pizza, but did
WHAT IS 33 TIMES 5 TELL ME THE ANWER
At the beginning of a population study, a city had 240,000 people. Each year since, the population has grown by 9.7%. Lett be the number of years since start of the study. Let y be the city's population.
Link Copied!