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March 28, 2017

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A town has a population of 8400 i 1990. Fifteen years later, it's population grew to 12500. Determine the average annual growth rate of this town's population.
I really don't understand this problem. I've been going at it for hours and all I've come to is that the equation should be P=8400(1+x)^15 x being the annual percentage, so then, I substitute 12500 for P. but I don't know where to go from there. Please, I really need help on this.

  • Math - I really need help, please. - ,

    12500=8400(1+x)^15

    divide both sides by 8400

    1.488=(1+x)^15
    take the fifteenth root of each side

    1.488^(1/15)=1+x
    1.027=1+x

  • Math - I really need help, please. - ,

    oh, thank you so much!

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