City university projects that planned expansion will increase the number of enrolled students every year for the next five years
by 10%. If 400 students enroll in the first year of the plan how many students are expected to enroll in the fifth year of the plan ?
1 answer:
The number of students that are expected to enroll in the fifth year of the plan is 644.
<h3>How many students are expected to enroll in the fifth year?</h3>
The formula that can be used to determine the future value of the population is:
FV = P (1 + r)^n
- FV = Future value
- P = Present value
- R = rate of increase
- N = number of years
400 x (1.1)^5 = 644
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