Question

Suppose the population of a small town is 567 in 2011. The population DECREASES at a

rate of 5% every year. What will be the population of the town in 2021? Round your answer
to the nearest whole number.

Answer 1

2011: 567 2012: 567*(1-.015) 2013: 567*(1-.015)*(1-.015) 2014: 567*(1-.015)567*(1-.015)*(1-.015) you see the pattern; and, if so, you can build an little equation giving you the answer

Answer 2

339

Explanation:

a = 567 (.95)¹⁰

a = 339.4838445482

Rounded

339