Answered

IDNLearn.com is your go-to platform for finding reliable answers quickly. Ask any question and get a detailed, reliable answer from our community of experts.

Jersey village population in 1950 was 10,173. The population increases by 8.9% every 10 years. Predict the population in 2020

Sagot :

Facundobuzzettiidn

Answer:

Future Value= 18,478 people

Step-by-step explanation:

eGiving the following information:

Present value (PV)= 10,173

Growth rate (g)= 0.089 every 10 years

Number of periods (n)= 7

To calculate the population in 2020, we need to use the following formula:

FV= PV*(1 + g)^n

FV= 10,173*(1.089^7)

FV= 18,478 people

Thank you for contributing to our discussion. Don't forget to check back for new answers. Keep asking, answering, and sharing useful information. Your search for answers ends at IDNLearn.com. Thank you for visiting, and we hope to assist you again soon.