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DerKrebs [107]
3 years ago
12

The population of Watesville decreases at a rate of 1.6% per year. If the population was 62,500 in 2014, what will it be in 2020

?
Mathematics
1 answer:
yKpoI14uk [10]3 years ago
8 0

Answer:

56,735 people

Step-by-step explanation:

We can set up an equation to model this:

The equation for exponential decay is y = C(1 - r)^t, where C is the original amount, r is rate of change, and t is time.

We can plug in the corresponding values and solve:

y = 62500(1 - 0.016)^6

y = 62500(0.984)^6

y = (62500)(0.9077)

y = 56,734.94, which we can round to 56,735 people

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