Question

the population of jamestown is decreasing by 250 people per year. if the population is 25,000 today, what will it be in two years

Answer 1

26265 population ( even though calculation results in a fraction higher than 0.5 over this number, since the number represents people, you can not round it up to a whole person).

Solution: Treat this like a simple example of a compounded interest, where , like the interest earned on first year earns extra interest on it for next year; the increase in population at the end of a year, contributes to the growth rate, thus 2.5% compounded poverty two years, for 25,000/- people, results in 26,265.