The population of a town is 500,000 in 1990. The population increases at a rate of 5% every five years. What will be the approxi

Question

Stels [109]

3 years ago

12

The population of a town is 500,000 in 1990. The population increases at a rate of 5% every five years. What will be the approxi

mate population of the town in 2005?
A. 578,813
B. 587,712
C. 499,354
D. 512,945

Mathematics

1 answer:

SVETLANKA909090 [29] · Answer 1 · 2022-05-02T04:53:22+03:00

SVETLANKA909090 [29]3 years ago

5 0

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