A town has a population of 8000 and grows at 3% every year. To the nearest tenth of a year, how long will it be until the popula
tion will reach 16300?
1 answer:
Answer:
It will take approximately 34 years
Step-by-step explanation:
If a town population is 8000 and grows 3% annually.
How long will it take to reach 16300
growth is 16300 - 8000 = 8300
using simple interest formula
SI = (P × r × t)/100
8300 = (8000 × 3 × t)100
8300= (80 × 3)t
8300 = 240t
t = 8300/240
t ≈ 34 years to the nearest tenth
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