Question

In 2002, there were 972 students enrolled at Oakview High School. Since then, the number of students has increased by 1.5% each year.

Answer 1

Answer:

The number of student increased each year by 986.58.

Step-by-step explanation:

Given : In 2002, there were 972 students enrolled at Oakview High School.

To find : The number of students has increased by 1.5% each year ?

Solution :

Using the exponential growth function,

$P(t)=P_o(1+r)^t$

Here, $P_o=972$ is the initial population

r=1.5%=0.015 is the rate

t=1 time

$P(t)=972(1+0.015)^1$

$P(t)=972(1.015)$

$P(t)=986.58$

i.e. the number of student increased each year by 986.58.