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March 26, 2017

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I have two questions--
1.What is the population of a town after 6 years if it is increasing annually by 3.5%. The population is at 6,000 people right now.

I did6000x(1+0.035)^6 = 7375.53 or 7376 people

2. The value of car is 28,000 dollars. If car depreciate at 20% per year, what is the value after 6 years. Thank you

  • Algebra - ,

    First answer is correct

    for the 2nd, find 28000(1 - .2)^6
    I got $7340.03

  • Algebra - ,

    Thank you

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