Question

the population expected of a city is 550,000. its expected that this population will increase 42% by the year 2008. calculate the expected population in 2008.

Answer 1

use Compound interest formula

Answer 2

ha?

Answer 3

i forgot the formula :S

Answer 4

A Example:
An amount of $1,500.00 is deposited in a bank paying an annual interest rate of 4.3%, compounded quarterly. What is the balance after 6 years?

ans.. >

Using the compound interest formula, we have that
P = 1500, r = 4.3/100 = 0.043, n = 4, t = 6. Therefore,

So, the balance after 6 years is approximately $1,938.84.