Answered

Welcome to Westonci.ca, where you can find answers to all your questions from a community of experienced professionals. Explore our Q&A platform to find in-depth answers from a wide range of experts in different fields. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

The population of a U.S. City was at 130,000 in 2014. It grew at a rate of 2.6% per year. What is the population today?

Sagot :

Answer:

155,588

Step-by-step explanation:

The formula for calculating future value:

FV = P (1 + r)^n

FV = Future value  

P = Present value  

R = growth rate

N = number of years 2021 - 2014 = 7

130,000(1.026)^7 = 155,587.6

rounding off to the nearest whole  number is 155,588

To round off to the nearest whole number, look at the first number after the decimal, if it is less than 5, add zero to the units term, If it is equal or greater than 5, add 1 to the units term.

Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.