SOLUTION: A population grows at a rate of 8% per year forever. The population starts at 100. What is the size of the population at the end of year n? ( for any integer n)

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Question 139642: A population grows at a rate of 8% per year forever. The population starts at 100. What is the size of the population at the end of year n? ( for any integer n)
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
A population grows at a rate of 8% per year forever. The population starts at 100. What is the size of the population at the end of year n? ( for any integer n)
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size(n) = 100(1.08)^n
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Cheers,
Stan H.