Question

The student enrollment of South High School was 1,350 students in 1995 and increased by 15% per year until 2010. Approximately how many students were enrolled at South High School in 2010?

Answer 1

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