Nikahjohnson03
contestada

Suppose a city with population 500,000 has been growing at a rate of 6% per year. If this rate continues, find the population of this city in 18 years
The population in 18 years will be approximately
(Round to the nearest whole number as needed.)

Respuesta :

aeythplays

Answer:

1,427, 170 when rounded

Step-by-step explanation:

Take 6% fo 500,000 which is

500000 x 0.06 = 30000

530000 x 0.06 = 31800

561800 x 0.06 = 33708

Etc, etc.

You keep going like that

And do it 18 times, and you'll have your answer.

The population of the city in 18 years will be approximately  1,427,170.

What is the population in 18 years?

The formula for calculating future value:

FV = P (1 + r)^n

  • FV = Future value
  • P = Present value
  • R = interest rate
  • N = number of years

500,000(1.06)^18 = 1,427,170

To learn more about future value, please check: https://brainly.com/question/18760477

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