From 2006 to 2010, the population of a town declined to 22,000. The population is expected to continue to decline at a rate of 2.8% each year. What will the population be in 2040? Round to the nearest whole number. Enter your answer in the box.

Question

Ashly Mckay

Mathematics

1 June, 20:15

From 2006 to 2010, the population of a town declined to 22,000. The population is expected to continue to decline at a rate of 2.8% each year. What will the population be in 2040? Round to the nearest whole number. Enter your answer in the box.

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Answers (1)

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Carissa Ferrell · Answer 1

The population in 2040 of the town can be solved using the formula

F = P (1 - I) ^n

Where F is the future population

P is the present population

I is the decline rate

N is the number of years

F = 22,000 (1-0.028) ^39

F = 7268