Question

Can anyone help with this question? The population of a small industrial town was 12 910 in 2000. Each year, the population decreases by an average of 5%. Estimate the population in the year 2020. Round to the nearest whole number.

Answer 1

The population is 4628.

Explanation:

Population in 2000 = 12910

Rate of decrease = 5 %

Time, t = 2020 - 2000 = 20 years

Let the population is P.

Use the formula

`P = Po\left ( 1-(r)/(100) \right )^t\\\\P = 12910\left ( 1-0.05 \right )^2\\\\P = 4628`

Answer 2

Population of town in 2020 = 4626 (Approx.)

Explanation:

Given:

Population of town in 2000 = 12,910

Decrease rate = 5% = 0.05 yearly

Find:

Population of town in 2020

Computation:

Number of year = 20 years

Population of town in 2020 = Population of town in 2000[1-r]ⁿ

Population of town in 2020 = 12,910[1-0.05]²⁰

Population of town in 2020 = 12,910[0.95]²⁰

Population of town in 2020 = 12,910[0.3584]

Population of town in 2020 = 4625.944

Population of town in 2020 = 4626 (Approx.)