Question

The population of a town is 13,000. It decreases at a rate of 5% per year. In about how many years will the population be less than 12,000?

Answer 1

2 years

Explanation:

13000 X 0.05 = 650

13000 - 650 = 12350 year 1

12350 X 0.05 =617.5

12350 - 617.5 =11732.5 year 2