Last year the population of Spoon Forks
grew from 1250 to 1300. If the population of
the town grows by the same percent this year,
what will the population be?
rate last year = 1300/1250 = 1.04
if rate is the same, next year:
1300(1.04) = 1352
To find out what the population will be after growing by the same percentage as last year, we first need to calculate the percentage increase from last year.
The formula to calculate the percentage increase is:
Percentage Increase = ((New Value - Old Value) / Old Value) * 100
In this case, the old value is the population of Spoon Forks last year, which was 1250, and the new value is the population of Spoon Forks this year, which is 1300.
So, plugging the values into the formula, we have:
Percentage Increase = ((1300 - 1250) / 1250) * 100
Simplifying the equation:
Percentage Increase = (50 / 1250) * 100
Percentage Increase = 0.04 * 100
Percentage Increase = 4%
Therefore, the population of Spoon Forks will grow by 4% this year.
To find the population this year, we can use the formula:
New Population = Old Population + (Old Population * Percentage Increase)
Plugging in the values:
New Population = 1300 + (1300 * 0.04)
New Population = 1300 + 52
New Population = 1352
Therefore, the projected population of Spoon Forks this year will be 1352.