Ask Question
23 September, 07:12

The population of a town is 500,000 in 1990. The population increases at a rate of 5% every five years. What will be the approximate population of the town in 2005?

A. 578,813

B. 587,712

C. 499,354

D. 512,945

+3
Answers (1)
  1. 23 September, 07:15
    0
    A = P (1+r) ^ (t/5) A = 500000 (1+0.05) ^ (15/5) A = 500000 (1.05) ^ (15/5) A = 500000 (1.05) ^3 A = 500000*1.157625 A = 578812.5 Telling us that the population will be about 578,812 people in the year 2005
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The population of a town is 500,000 in 1990. The population increases at a rate of 5% every five years. What will be the approximate ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers