A town has a population of 14,000 and grows 5% every year. What will be the population after 14 years, to the nearest whole numb
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Answer:
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
A is the Final Investment Value
I is the amount of money in Interest
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
in this problem we have
<em>Find the interest I</em>
substitute in the formula above
Solve for t