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
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
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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the answer you are looking for is a..
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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