In a particular region of a national park, the are currently 435 deer, and the population is increasing at an annual rate of 9%.
Predict the number of deer that will be in the region after six years.
To predict the future population of deer in the region after six years, we need to calculate the compound interest using the formula:
Future Value = Present Value * (1 + r)^t
Where:
Present Value = 435 deer
r = 9% (0.09)
t = 6 years
Plugging in the values:
Future Value = 435 * (1 + 0.09)^6
Future Value = 435 * (1.09)^6
Future Value = 435 * 1.655872
Future Value ≈ 719.342
Therefore, the predicted number of deer in the region after six years is approximately 719.