Question

A town’s population is currently 100,000 people. the mayor discovered that the population is declining at a rate of 3% annually. if this rate continues, what will the population of the town be in 4 years? round your answer to the nearest whole number.

Answer 1

Based on the current population and the rate of decrease, the population in five years will be 88,529 people.

What is the rate of change of the amount?

Rate of change is used to mathematically describe the percentage change in value over a defined period of time, and it represents the momentum of a variable.

This can be found by the formula:

= Current population x ( 1 - rate%) ^ number of years

Given that,

Current population = 100,000, rate = 3%, number of years = 4

= 100,000 x $(1-3)^{4}$

= 100,000 x 0.88529281

= 88,529 people

Hence, The population in five years will be 88,529 people.

To learn more about  rate of change from the given link:

brainly.com/question/26464838

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