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Mathematics 17 Online
OpenStudy (anonymous):

Can anyone help me ! The population of a small town is 54,922 and has been continuously declining at a rate of 3.6% each year. What is the approximate population of the town in 10 years?

jimthompson5910 (jim_thompson5910):

the key thing to remember about continuous growth or decay is that the constant e will be involved

jimthompson5910 (jim_thompson5910):

and you'll be using this equation A = Pe^(r*t)

OpenStudy (anonymous):

I got 38,064

jimthompson5910 (jim_thompson5910):

I'm getting roughly the same

jimthompson5910 (jim_thompson5910):

if you're rounding to the nearest whole number, then yes it's 38064

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