Question

In 2002, there were 972 students enrolled at Oakview High School. Since then, the number of students has increased by 1.5% each year.

Answer 1

The number of student increased each year by 986.58.

Explanation:

Given : In 2002, there were 972 students enrolled at Oakview High School.

To find : The number of students has increased by 1.5% each year ?

Solution :

Using the exponential growth function,

`P(t)=P_o(1+r)^t`

Here,
`P_o=972` is the initial population

r=1.5%=0.015 is the rate

t=1 time

`P(t)=972(1+0.015)^1`

`P(t)=972(1.015)`

`P(t)=986.58`

i.e. the number of student increased each year by 986.58.