SOLUTION: Suppose the population of a town is 3,400 in 2000. The population decreases at a rate of 2% every 20 years. What will be the projected population in 2040? Round your answer to the

Question 891049: Suppose the population of a town is 3,400 in 2000. The population decreases at a rate of 2% every 20 years. What will be the projected population in 2040? Round your answer to the nearest whole number.
Found 2 solutions by josgarithmetic, MathTherapy:
Answer by josgarithmetic(39627) (Show Source): You can put this solution on YOUR website!
Exponential Decay.

Using year 2000 as x=0 time, p for population, after 1 year; after 2 years...
p depends on x according to .

Your question asks about p for x=40.

Answer by MathTherapy(10556) (Show Source): You can put this solution on YOUR website!

Suppose the population of a town is 3,400 in 2000. The population decreases at a rate of 2% every 20 years. What will be the projected population in 2040? Round your answer to the nearest whole number.

Projected population in 2040:
After obtaining the answer, round to the nearest whole number, as requested.
You can do the check!!
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