Population of Jacksonville was 3810 and 2010 and is growing at an annual rate of 3.5% if the growth rate continues what

Population of Jacksonville was 3810 and 2010 and is growing at an annual rate of 3.5% if the growth rate continues what will the approximate population in 2023

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  1. 1.4

    2.3

    step-by-step explanation:

    the formula for the constant of variation is

    y= kx

    divide each side by x

    y/x =kx/x

    y/x =k

    we know a and y

    1.   y/x = k

    4/1 =4

    check the other values to make sure they are the same

    8/2 = 4   12/3 =4   and 16/4 =4  

    the constant of variation is 4

    2.   y/x = k

    3/1 =3

    check the other values to make sure they are the same

    6/2 = 3   9/3 =3   and 12/4 =3  

    the constant of variation is 3

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  2. FV= 5,958.67 = 5,959

    Step-by-step explanation:

    Giving the following information:

    Current population (Present Value)= 3,810

    Growth rate (g)= 3.5% annual

    Number of periods (n)= 13 years

    To calculate the future number of people (FV), we need to use the following formula:

    FV= PV*(1+i)^n

    FV= 3,810*(1.035^13)

    FV= 5,958.67 = 5,959

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