SOLUTION: The number of fishes in a lake is expected to increase at a rate of 8% per year. How many fishes will be in the lake in 5 years if 10,000 fishes are placed in the lake today?

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Question 987498: The number of fishes in a lake is expected to increase at a rate of 8% per year.
How many fishes will be in the lake in 5 years if 10,000 fishes are placed in the
lake today?
Answer by josgarithmetic(39617) About Me  (Show Source):
You can put this solution on YOUR website!
This would follow a general model, p=p%5Bi%5D%2A%281%2Br%29%5Et with each variable meaning:
p, population after time t in years
p, sub i, initial population
r, rate as a fraction or decimal
t, time passage in years