Question

A roadway has a current AADT of 15,000 vehicles. If the town projects an annual 2 percent traffic growth rate, what is the AADT in 20 years

Answer 1

Answer: 22,289 vehicles

Step-by-step explanation:

Annual Average Daily Traffic to grow by 2% per year.

Using compound interest formula, in 20 years the AADT will be;

= 15,000 * ( 1 + 2%) ^ 20

= 22,289 vehicles