Algebra
4 Online
OpenStudy (anonymous):
A city has a population of 320,000 people. Suppose that each year the population grows by 7.25%. What will the population be after 12 years?
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OpenStudy (gorv):
you know the formula for calculating this ???
OpenStudy (anonymous):
I=prt
OpenStudy (gorv):
this is for simple .......for compound???
OpenStudy (gorv):
population after 12 year =
\[P*(1+\frac{ r}{ 100 })^{t}\]
OpenStudy (gorv):
use this
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OpenStudy (anonymous):
r will be what ?
OpenStudy (anonymous):
i got 2.67
OpenStudy (gorv):
r=7.25
p=320000
t=12
OpenStudy (anonymous):
is my answer correct
OpenStudy (gorv):
no
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OpenStudy (gorv):
\[320000*(1+\frac{ 7.25 }{ 100 })^{12}\]
OpenStudy (gorv):
12 is the power of bracket
OpenStudy (anonymous):
343200^12 is 2.67
OpenStudy (anonymous):
so iit will be 3
OpenStudy (gorv):
\[32000*(\frac{ 100+7.15 }{ 100})^{12}\]
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OpenStudy (gorv):
\[32000*(\frac{ 107.25 }{ 100 })^{12}\]
OpenStudy (anonymous):
where does the extra 100 come from .... can i just have the ANSWER PLEASE
OpenStudy (gorv):
\[320000*(1.0725)^{12}\]
OpenStudy (gorv):
no direct ans buddy sorry .....try
OpenStudy (anonymous):
741169.58
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OpenStudy (anonymous):
wich stills sounds incorrect
OpenStudy (gorv):
\[1+\frac{ 7.25 }{ 100}=\frac{ 100+7.25 }{ 100 }\]
OpenStudy (gorv):
that's right
OpenStudy (anonymous):
round to the nearest whole number
OpenStudy (gorv):
741169 or 741170
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OpenStudy (anonymous):
OMG ! Thought this will never be over !!
OpenStudy (anonymous):
thank u
OpenStudy (gorv):
wlcome :)