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A town of 8000 grows 3% yearly how long will it take to reach 16300
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A town of 8000 grows 3% yearly how long will it take to reach 16300

User Andi North
by
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2 Answers

3 votes

How long will it take to reach 16300
growth is 16300 - 8000 = 8300
using simple interest formula
SI = (P × r × t)/100
8300 = (8000 × 3 × t)100
8300= (80 × 3)t
8300 = 240t
t = 8300/240
t ≈ 34 years to the nearest tenth
User Rve
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8.2k points
5 votes

Answer:

around 67 years

Explanation:

hope this helps :)

User AnotherGeek
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