Question

The population of a town is decreasing at a rate of 1.1% each year. If there are 3,000 people in the town right now, how many people will be living in the town in 10 years? Round your answer to the nearest whole number.

Answer 1

The formula is
P=Ae^-rt
P ?
A 3000
R 0.011
T 10 years
P=3,000×e^(−0.011×10)
P=2,687.5 round your answer to get
P=2688

Answer 2

total = 3000*(1-0.011)^10

1-0.011 = 0.989

total = 3000*(0.989)^10

0.989^10 = 0.895288314

3000* 0.895288314 = 2685.86

rounded to nearest whole number = 2686

there will be 2686 people