Homework Help: Algebra

Posted by Trisha on Monday, November 14, 2011 at 10:28am.

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 - Reiny, Monday, November 14, 2011 at 11:12am
First answer is correct

for the 2nd, find 28000(1 - .2)^6
I got $7340.03
Algebra - Trisha, Monday, November 14, 2011 at 3:22pm
Thank you

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