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snow_tiger [21]
3 years ago
9

Population of Jacksonville was 3810 and 2010 and is growing at an annual rate of 3.5% if the growth rate continues what will the

approximate population in 2023
Mathematics
1 answer:
grin007 [14]3 years ago
4 0

Answer:

FV= 5,958.67 = 5,959

Step-by-step explanation:

Giving the following information:

Current population (Present Value)= 3,810

Growth rate (g)= 3.5% annual

Number of periods (n)= 13 years

<u>To calculate the future number of people (FV), we need to use the following formula:</u>

FV= PV*(1+i)^n

FV= 3,810*(1.035^13)

FV= 5,958.67 = 5,959

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Answers:

  • interest = $75
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=============================================================

Explanation:

The simple interest formula is

i = p*r*t

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The balance at maturity is p+i = 3000+75 = 3075 dollars

---------------

In short, you deposit $3000 into the CD and have to wait 3 months for the amount to update to $3075.

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