Question

A town's population is declining at a rate of 4% a year. If the population is currently 23,840 people, what will the population be in 10 years? (Round your answer to the nearest whole number)

Answer 1

Using the decay formula: Total = start value x (1 - rate)^time

Total = 23,840 x (1-0.04)^10

Total = 23,840 x (0.96)^10

Total = 15,849.61

Rounded to nearest whole number = 15,850