4. The population of New Haven was 148,220 in 2005. Since then the population has been decreasing at an annual rate of 2.9%. If this rate of decline continues, what will the population be in the year 2015?

Question

4.  The population of New Haven was 148,220 in 2005.  Since then the population has been decreasing at an annual rate of 2.9%.  If this rate of decline continues, what will the population be in the year 2015?

anonymous · Answer

too decrease a number by 2.9% multiply it by $1-.029=.971$

anonymous · Answer

to decrease it by 2.9% ten times in a row, multiply it by 
$$(.971)^{10}$$

anonymous · Answer

Wait, so is the answer 97.1?

anonymous · Answer

no, the answer is 
$$148,220\times (0.971)^{10}$$ and a calculator

anonymous · Answer

1.4392162? That's what my calculator told me. .