SOLUTION: Statesville's population in 2010 was about 24,800 and was growing by about 1.1% each year. If this continues, what will Statesville's population be in 2017? [Round to the nearest p

Algebra ->  Finance -> SOLUTION: Statesville's population in 2010 was about 24,800 and was growing by about 1.1% each year. If this continues, what will Statesville's population be in 2017? [Round to the nearest p      Log On


   



Question 1176658: Statesville's population in 2010 was about 24,800 and was growing by about 1.1% each year. If this continues, what will Statesville's population be in 2017? [Round to the nearest person.]

Answer by ikleyn(52784) About Me  (Show Source):
You can put this solution on YOUR website!
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The yearly multiplication growth factor is  (1+0.011) = 1.011.


So, in the year 2017, seven years after 2010, the population will be  24800%2A1.011%5E7 = 26,774 (rounded to the closest integer value).

Solved.

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If you want to see many other similar and different solved problems on population growth,  see the lesson
    - Population growth problems
in this site.


Also,  you have this free of charge online textbook in ALGEBRA-I in this site
    - ALGEBRA-I - YOUR ONLINE TEXTBOOK.

The referred lesson is the part of this online textbook under the topic "Logarithms".


Save the link to this online textbook together with its description

Free of charge online textbook in ALGEBRA-I
https://www.algebra.com/algebra/homework/quadratic/lessons/ALGEBRA-I-YOUR-ONLINE-TEXTBOOK.lesson

to your archive and use it when it is needed.