Through observation and surveys, Dr. Thompson was able to determine how much time a sample of children spent playing outside. Wh
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Answer:
In 2003, the population was 59000 and the population has been growing by 1,700 people each year.
A.
The equation will be:
59000+1700x = (population 'x' years after 2003)
For x, you plug in the amount of years after 2003.
Like if it is the year 2003, the population is
= 59000
when it is year 2005, the population is
= 62400
B.
The town's population in 2007 will be :
Population = 65800
C.
=>
x = 11
Means
Hence, by year 2014 the population will be 77700.
Answer:
$1,109.62
Step-by-step explanation:
Let's first compute the <em>future value FV.</em>
In order to see the rule of formation, let's see the value (in $) for the first few years
<u>End of year 0</u>
1,000
<u>End of year 1(capital + interest + new deposit)</u>
1,000*(1.09)+10
<u>End of year 2 (capital + interest + new deposit)</u>
(1,000*(1.09)+10)*1.09 +10 =
<u>End of year 3 (capital + interest + new deposit)</u>
and we can see that at the end of year 50, the future value is
The sum
is the <em>sum of a geometric sequence </em>with common ratio 1.09 and is equal to
and the future value is then
The <em>present value PV</em> is
rounded to the nearest hundredth.