SOLUTION: The population of Harper has decreased at a constant rate of 11% over the last 8 years. If there were 716 people in Harper in 2000, approximately how many people are living in Harp

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Question 1043805: The population of Harper has decreased at a constant rate of 11% over the last 8 years. If there were 716 people in Harper in 2000, approximately how many people are living in Harper in 2008?
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
P=716*(1-0.11)^8, the interest formula with a negative value.
=716*(0.89)^8=281.86 or 282 people.