Suppose the population of a town is 3,400 in 2000. The population decreases at a rate of 2% every 20 years. What will be the projected population in 2040? Round your answer to the nearest whole number.

Question

anonymous · Answer

The population decreases at a rate of 2% every 20 years. So in 2020, the population will be 98% of the population in 2000. And in 2040, the population will be 98% of the population in 2020. So, in 2040, the population will be
                      $3400\times 0.98 \times 0.98=...$