The student enrollment of South High School was 1,350 students in 1995 and increased by 15% per year until 2010. Approximately h
ow many students were enrolled at South High School in 2010?
1 answer:
Answer: 10,985 students
Step-by-step explanation:
You are given the original number of students, the rate of growth and the number of years. The Future value formula can therefore be used:
Number of students in 2010 = Number of students in 1995 * ( 1 + growth rate) ^ number of years
Number of years = 2010 - 1995 = 15 years
Number of students in 2010 = 1,350 * ( 1 + 15%)¹⁵
= 10,985 students
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