suppose the population of a town is 100,000 in 1999. The population increased by 4.5% each year. what will be the population in 2005?
u need to take out 5 % of 100000 for the first year... than take out 5% OF THE PREVIOUS YEAR ADDED WITH THE RISE IN POPULATION... DO THIS 5-6 TIMES UPTIL 2005
still confused
this is the formula A = P(1+r)^t to A = 100000(1+0.045)^6
do u get it?
255972?
no
ur number is going to be lower
remember PEMDAS
well thats what i got using that formula
do u want to know the answer? first do parentheses did u do that?
here hold on
yes
A = P(1+r)t (t is as an exponent) In the formula A = P(1+r)t, P is the principal\, r is the annual rate of interest, and A is the amount after t years. An account earning interest at a rate of 4% has a principal of $500,000. If no more deposits or withdrawls are made, about how much money will be in the account after five years? A $705,200 B $620,700 C $608,300 D $575,000 try this the answer is A = 500000(1.04)^5 A = 500000*1.2166529 A = $608,326.45, so guess it's c
I based the formula on the compound interest formula which is Total amount = (Beginning amount) * (1 + rate)^years
if u give up tell me..
hello?
here: Population = 100,000 *1.045^n (n is number of years since 1999. So, the population in 2005 (where n=6) is 130,226
so the answer is right above this message
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