Any easy way to do this? Will medal and fan.
Lesotho is a country in southern Africa whose geographical boundaries lie entirely within those of South Africa. In 2010, Lesotho's real GDP per capita was $300. Suppose that Lesotho's real GDP per capita averages a growth rate of 4 percent per year. In what year will Lesotho's real GDP per capita be approximately $1,200?

Question

Any easy way to do this? Will medal and fan. 
Lesotho is a country in southern Africa whose geographical boundaries lie entirely within those of South Africa. In 2010, Lesotho's real GDP per capita was $300. Suppose that Lesotho's real GDP per capita averages a growth rate of 4 percent per year. In what year will Lesotho's real GDP per capita be approximately $1,200?

fortytherapper · Answer

Hmm, I'm wondering.

After one year, it would be $312 because 4% of $300 is $12 and we just add $12 to $300. But for the next year, would they want you to find 4% of $312 or stick to $300