Question

Suppose the population of a town is 98,000 in 2014. The population increases at a rate of 3.7 percent every year. What will the population of the town be in 2020? Round your answer to the nearest whole number.

Answer 1

use the formula
\[F=I(1+r)^t\]
r = rate,
I = initial pop (pop in 2014)
t = change in time
F = final amount
We know the rate, the initial pop, and the change in time (2020-2014 = 6)
Find F by plugging numbers into formula

Answer 2

(98000+3.7)^6

Answer 3

no
98000(1.037)^6

Answer 4

121870.505922 0r 121871 rounded

Answer 5

you decide, going by the sig fig rule i would round to nearest number but if you aren't in college you should be fine rounding to the nearest hundredth or thousandth whatever your teacher prefers

Answer 6

thank you

Answer 7

np, have a good day : )