SOLUTION: A city has a population of 330,000 people. Suppose that each year the population grows by 4.25% What will the population be after 12 years?

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: A city has a population of 330,000 people. Suppose that each year the population grows by 4.25% What will the population be after 12 years?       Log On


   



Question 1030314: A city has a population of
330,000 people. Suppose that each year the population grows by 4.25%
What will the population be after 12 years?

Answer by Cromlix(4381) About Me  (Show Source):
You can put this solution on YOUR website!
Hi there,
100% + 4.25% = 104.25%
104.25% = 104.25/100 = 1.0425 (factor)
330,000 x 1.0425^12
= 543,784.
Hope this helps :-)