For this case we have the following equation: To clear w, we must follow the following steps: 1) The value of t multiplied by c pass to divide the other side of the equation: 2) the value of 1000 is passed to multiply to the other side of the equation: Answer: The cleared equation for w is:
A = P(1+r)^(t/5) A = 500000(1+0.05)^(15/5) A = 500000(1.05)^(15/5) A = 500000(1.05)^3 A = 500000*1.157625 A = 578812.5 Telling us that the population will be about 578,812 people in the year 2005