SOLUTION: In 2000, 2200 students attended Polaris High School. The enrollment has been declining 2% annually. Write an equation for the enrollment of Polaris High School t years after 2000.

Algebra ->  Finance -> SOLUTION: In 2000, 2200 students attended Polaris High School. The enrollment has been declining 2% annually. Write an equation for the enrollment of Polaris High School t years after 2000.       Log On


   

Question 936781: In 2000, 2200 students attended Polaris High School. The enrollment has been declining 2% annually. Write an equation for the enrollment of Polaris High School t years after 2000. If this trend continues, predict how many students will be enrolled in 2015?
Answer by TimothyLamb(4379) About Me  (Show Source):
You can put this solution on YOUR website!
y = 2200*(1 - 0.02)^(t-2000)
y = 2200*(0.98)^(t-2000)
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y(2015) = 2200*(0.98)^(2015-2000)
y(2015) = 1624.85202582
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answer:
1624 students
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