Answered

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The population of a U.S. City was at 130,000 in 2014. It grew at a rate of 2.6% per year. What is the population today?

Sagot :

Answer:

155,588

Step-by-step explanation:

The formula for calculating future value:

FV = P (1 + r)^n

FV = Future value  

P = Present value  

R = growth rate

N = number of years 2021 - 2014 = 7

130,000(1.026)^7 = 155,587.6

rounding off to the nearest whole  number is 155,588

To round off to the nearest whole number, look at the first number after the decimal, if it is less than 5, add zero to the units term, If it is equal or greater than 5, add 1 to the units term.

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