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18 September, 14:04

The population of a town 4000 and is decreasing by the rate of 5% per year. Estimate the population of the town after 3 years.

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  1. 18 September, 14:34
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    4000 * (1-0.05) ^3

    4000 * (0.95) ^3 = 3429.5

    so approximately 3430 people are in the town
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