If you invested $2000 in an account that paid 8% annual interest compounded quarterly, how much would the account be worth in 10
2 answers:
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Since, the population of a town increased from 5,400 to 6,000 people. We have to calculate the percent of increase.
Firstly, we will find the difference of 6000 and 5400,
6000-5400 = 600
Secondly, we will divide 600 by 5400,
So, = 0.1111
Thirdly, we will multiply 0.1111 by 100%
= 11.11 %
Therefore, there is 11.11% increase in the population of a town.