Answer:
The enrollment after 5 years is 10,724
Step-by-step explanation:
Generally, we can have the depreciation formula written as follows;
A = P(1 - r)^t
A is the number of enrollment in after a certain number of years t
P is the initial population which is 13,500
r is the rate of depreciation which is 4.5% = 4.5/100 = 0.045
t = 5 years
Substituting these values, we have it that;
A = 13,500(1-0.045)^5
A = 10,723.84
