Question

Tacoma's population in 2000 was about 200 thousand, and has been growing by about 8% each year. If this continues, what will Tacoma's population be in 2012?

Answer 1

503634

Explanation:

The formula for calculating future value:

FV = P (1 + r) n

FV = Future value

P = Present value

R = interest rate

N = number of years

200,000(1.08)^12