The beginning population of a small town was 12,000 people. Due to decline in industrial growth the population has since been decreasing at a rate of 3% every year. What was the population of this town 10 years
Later?
A) 7185 people
B) 9805 people
C) 7978 people
D) 8849 people

Question

Quizplus · Accepted Answer

The population decreases by 3% each year, so the population after 10 years is calculated using the formula: P = P0 * (1 - r)^t, where P0 is the initial population, r is the rate of decrease, and t is the time in years. Thus, P = 12000 * (0.97)^10 ≈ 8849 people.

The Beginning Population of a Small Town Was 12,000 People