A city's population is declining continuosuly at a rate of 6.1% each year. If the population of the city is currently 435,410, what will the population of the city be in 8 years?
P = 435410 ( 1 − .061)^8 ≈ 263162
Future population = Current population [1 + (-0.061)]^Number of years.
FP = 435,410 x [0.939]^8
FP = 435,410 x 0.6044
FP =~~263,162 people.