A city's population is 5 million this year. If the population grows by 4% each year, what will the population be after two years?
a.) 5,204,000
b.) 5,306,000
c.) 5,408,000
d.) 6,004,000

Fanks.

Question

A city's population is 5 million this year. If the population grows by 4% each year, what will the population be after two years?
a.) 5,204,000
b.) 5,306,000
c.) 5,408,000
d.) 6,004,000

Fanks. <3 <3

anonymous · Answer

Ok. You would use the equation P=500000(1+0.04)^2

anonymous · Answer

Where p is the final value, and 5000000 is the principal value.

anonymous · Answer

Excuse me I was missing one 0.

anonymous · Answer

Just punch the equation to your calculator.

anonymous · Answer

Do you have any questions?

anonymous · Answer

p=5849292.8 ?

anonymous · Answer

The equation is right, so you would pick the closest answer to whatever your calculator says.

anonymous · Answer

Make sure that you input the values correctly. If that's the value you got, then you are left to pick the last option.

anonymous · Answer

the answer to the the equation isn't an option though.

anonymous · Answer

p=5000000 (1+0.04) ^4

anonymous · Answer

Note that all of your answers end with 3 zeroes. That is theoretically impossible.

anonymous · Answer

No number would be so convenient as to be equipepd with three zeros. Therefore in these questions often colleges want to see that you have a problem solving skilll at y our reach.

anonymous · Answer

Therefore often times you are left to pick the closest number possible. I had to do those questions in standardizes tests too. They want to see that you can improvise.

anonymous · Answer

attachment