After a year the
population will be 98.6% (100% - 1.4%) 98.6% as a decimal is 0.986 ... so after
1 year it will be: <span>
3800 x 0.986
after 2 years it will be:
3800 x 0.986 x 0.986...
after 3 years: 3800 x (0.986)^3
<span>in 2018. And after 4 years it will be 3800 x (0.986)^4 =
which is 3591.62724 or 3592</span></span>
Are you asking what 6 times 4 is?
Answer:
24
Using the formula of P(1 + r)^n = x where p represents the initial value, r represents the rate and n represents the number of years and x is our final output. We want to find P so we have to make it the subject of the equation.
1 + 0.04 = 1.04
1.04^18 = 2.025816515
Then divide the total amount by this to get 185,110.5454
Therefore the answer is $185,110.55
Hope this helps! :)
