SOLUTION: After a careful demographic analysis, a university forecasts that student enrollments will drop by 3% per year for the the next 12 years. If the university currently has 14000 stu

Algebra ->  Finance -> SOLUTION: After a careful demographic analysis, a university forecasts that student enrollments will drop by 3% per year for the the next 12 years. If the university currently has 14000 stu      Log On


   

Question 1127414: After a careful demographic analysis, a university forecasts that student enrollments will drop by 3% per year for the the next 12 years. If the university currently has 14000 students, how many students will it have 12 years from now?
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Let +s+ = number of students in 12 yrs
+s+=+14000%2A%28+1+-+.03+%29%5E12+
+s+=+14000%2A.97%5E12+
+s+=+14000%2A.69384+
+s+=+9713.793+
They will have 9,714 students in 12 yrs