Question

the popilation of Detroit, Michigan was 951,300 in. Detroit has been experiencing a population decile of 1.4% per year since 200. what is the projected population for 2005 in Detroit

Answer 1

This can be solve using the formula
F = P(1 - i)^nwhere F is the future populationP is the initial populationi is the percent population declinen is the number of years
F = 951,300 ( 1 - 0.014)^5F = 886,548 will be the population in 2005