SOLUTION: in 1980, the population pf a city was 6.5 million. By 1992 the population has grown to 8.0 million . find the rate at which the population of the city was growing.

Algebra ->  Average -> SOLUTION: in 1980, the population pf a city was 6.5 million. By 1992 the population has grown to 8.0 million . find the rate at which the population of the city was growing.      Log On


   



Question 1152923: in 1980, the population pf a city was 6.5 million. By 1992 the population has grown to 8.0 million . find the rate at which the population of the city was growing.
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
A=Aob^x
x=0, 1980
6500=6500 b^0
8000=6500(b^12)
8000/6500=1.23, but before rounding, take the 12th root
b=1.0174
the growth rate is 1.74%