a town has a population of 18000 and grows at 2% every year, What will be the population after 11 years, to the nearest whole nu
1 answer:
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Answer:
$57,369
Step-by-step explanation:
We have been given that an amount of $53,000 is placed in an investment account that grows at a fixed rate of 2% (compound growth) per year. We are asked to find the amount in the account after 4 years.
To solve our given problem we will use compound interest formula.\
, where,
A = Final amount after t years,
P = Principal amount,
r = Annual interest rate in decimal form,
n = Number of times interest is compounded per year,
t = Time in years.
Let us convert our given rate in decimal form.
Upon substituting our given values in compound interest formula we will get,
Therefore, an amount of $57,369 will be in the account after 4 years.
An inequality can be formed by simply translating the problem statement to numerical expressions.
From the problem we know that
added with 
hours should be equal or greater than 
(helpful insight from the keyword "at least"). Therefore, it's inequality would look like:
(>= is used instead of ≥ for constraints in formatting)
The inequality above best models the situation.
From the problem we know that
The inequality above best models the situation.