SOLUTION: The population is decreasing at a rate of 5% per year. If the population is 28,400 today, what will the population be in 8 years? Round your answer to the nearest whole number, if

Algebra ->  Exponential-and-logarithmic-functions -> SOLUTION: The population is decreasing at a rate of 5% per year. If the population is 28,400 today, what will the population be in 8 years? Round your answer to the nearest whole number, if       Log On


   

Question 1171524: The population is decreasing at a rate of 5% per year. If the population is 28,400 today, what will the population be in 8 years? Round your answer to the nearest whole number, if necessary
Answer by greenestamps(13200) About Me  (Show Source):
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The population from one year to the next gets multiplied by (100%-5%) = 95%, or 0.95.

Starting at 28,400, after 8 years the population would be

28400%280.95%29%5E8

Use a calculator; and round to the nearest whole number, since it is a population.