rosewallace2002 rosewallace2002

23-09-2020
Mathematics

contestada

A town has a population of 8000 and grows at 4% every year. To the nearest tenth of a year, how long will it be until the population will reach 12500?

Respuesta :

damanialiyah10 damanialiyah10

12-05-2021

Answer:

11.4

Step-by-step explanation:

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andromache andromache

29-04-2022

The time period when the population will reach 12500 is to be considered as the 11.4 years.

Calculation of the time period:

Since the present value = 8,000

The rate = 4%

The future value = 12,500

The PMT = 0

Now the following formula is used:

=NPER(RATE,PMT,PV,-FV,TYPE)

After applying the above formula, the time period is 11.4 years.

Learn more about rate here: https://brainly.com/question/20875379

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