SOLUTION: River City's present population of 1000 is expected to grow exponentially over the next 10 years at 4% per year. What is the expected population at the end of that time?
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Question 253159: River City's present population of 1000 is expected to grow exponentially over the next 10 years at 4% per year. What is the expected population at the end of that time?
Answer by Greenfinch(383) (Show Source): You can put this solution on YOUR website!
Use compound interest formula
Inital pop x (1 + increase)^years
1000 x (1+ 4/100)^10
1000 x (1.04)^10 = 1480.244
Call it 1480
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