What is the difference between a function and a linear function.
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Answer:
Expected population in 2015: 19,152.58 or 19,000 people
Step-by-step explanation:
Given the decreasing rate of 2.5% per year, and a population of 28,000 in the year 2000:
We can solve for the rate of decrease by using the formula:
where:
A = population by year 2015
a = initial population (in year 2000) = 28,000
r = rate of change (decrease by 2.5% annually or 0.025)
t = time (in number of years) = 15
Plug in these given values into the formula:
A = 28,000(0.684)
A = 19,152.58 or about 19,000 people in 2015