The population of a small town is 22,960. It's population falls by 3% per year. How many years later will the population be 8,200? (Assume that the growth rate is annualized and use the formula for compound growth: A = P(1+-) If the compounding frequency is not given, use n = 1.)

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
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Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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The population of a small town is 22,960. It's population falls by 3% per year. How many years later will the
population be 8,200?
P(1 + )"
nt
(Assume that the growth rate is annualized and use the formula for compound growth: A =
If the compounding frequency is not given, use n = 1.)
Transcribed Image Text:The population of a small town is 22,960. It's population falls by 3% per year. How many years later will the population be 8,200? P(1 + )" nt (Assume that the growth rate is annualized and use the formula for compound growth: A = If the compounding frequency is not given, use n = 1.)
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