A town has a population of 53,800 and shrinks at a rate of 2.5% every year. Which equation represents the town’s population after 3 years?

Question

A town has a population of 53,800 and shrinks at a rate of 2.5% every year. Which equation represents the town’s population after 3 years?
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Solution 1

The equation that represents the town's population after 3 years is:

P = 53800 * (1 - 0.025)^3

Here's the step-by-step explanation:

  1. The initial population of the town is 53,800.

  2. The town shrinks at a rate of 2.5% every year. This can be represented as a decrease of 0.025 (since 2.5% = 0.02 Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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