Choose the fragment that best completes the following sentence. The more money in an account earning compound interest,
1 answer:
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Answer:
The population of the town in the year 1962 will be 1730.
Step-by-step explanation:
The population of Smallville can be found by the equation , where P(t) is the population at time t, r represents the rate of growth, and I is the initial population.
Now, if there are 225 residents in 1950 and the population of the town grows at a rate of 17% per year, then the population of the town in the year 1962 will be (Approximate)