The population of a small town is 23,781 and has been continuously declining at a rate of 3.2% each year. What is the approximate population of the town in 17 years?

Question

tkhunny · Answer

Exactly the same as the last one.

If it has said INCREASING 3.2% each year, we would multiply by (1 + 0.032)
Since it is declining 3.2% each year, what might we multiply by to model that behavior?

anonymous · Answer

hmmm (1 - 0.032)?

tkhunny · Answer

Perfect.  Let's see what you get.

anonymous · Answer

alright give me a min

anonymous · Answer

I got 13,681

anonymous · Answer

by using 23781(1 - 0.032)^17

anonymous · Answer

correct?

tkhunny · Answer

I'm not sure.  I didn't work the problem.  Are you confident?

anonymous · Answer

I'm pretty sure its the right answer any who thanks for your help :^)

tkhunny · Answer

You have it, by the way.  Good work.  (Now, i worked the problem)