Question

The population of a small town in the Midwest has been loosing 4% of its

population each year. If the town started with 20,000 people, how many
remained after 100 years?

Answer 1

337.406388 or 337 people

Explanation:

To figure this out, use the compound interest (compounding number?) equation which is Amount = People(1 + rate)^time

So if you fill that out you get

A = 20,000(.96)^100

A = 20,000(0.0168703194)

A = 337.406388