SOLUTION: In a particular small town, the population in 1995 was 1200. Ever since then the population has grown by 4% every year. If conditions stay the same, what is the approximate expecte

Algebra ->  Exponents -> SOLUTION: In a particular small town, the population in 1995 was 1200. Ever since then the population has grown by 4% every year. If conditions stay the same, what is the approximate expecte      Log On


   

Question 318901: In a particular small town, the population in 1995 was 1200. Ever since then the population has grown by 4% every year. If conditions stay the same, what is the approximate expected population in the year 2000?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
In a particular small town, the population in 1995 was 1200. Ever since then the population has grown by 4% every year. If conditions stay the same, what is the approximate expected population in the year 2000?
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Population in 200= [1200+0.04*1200]^5 = 1200*1.04^5 = 1200*1.2167
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= 1459.99
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I guess you could round up: 1460
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Cheers,
Stan H.
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