Answered

Discover the answers to your questions at Westonci.ca, where experts share their knowledge and insights with you. Explore thousands of questions and answers from knowledgeable experts in various fields on our Q&A platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

The population of a city is 100,000 and the annual growth rate is of 4.2%. Write an equation to model the population y after x years.

Sagot :

facundobuzzetti

Answer:

y= 100,000*(1.042^x)

Step-by-step explanation:

Giving the following information:

Present Value= 100,000 people

Growth rate (g)= 4.2% per year

To calculate the future value (y) of the in any given year (x), we need to use the following formula:

y= PV*(1 + g)^x

y= 100,000*(1.042^x)

For example, for 5 years:

y= 100,000*1.042^5

y= 122,839.66 = 122,839

Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.