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A town in the mid west has been experiencing a steady population decline of 3.75 % per year for the past decade. If there were 31900 residents in the year 2011 and the trend continues, what will the population be in the year 2030?

Guest Mar 28, 2017
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2030 - 2011 = 19 years of declining population.

31,900 = Town's population in 2011

Future population =31,900 x [1 - 0.0375]^19

Future population =31,900 x 0.9625^19

Future population =15,431 in the year 2030.

Guest Mar 28, 2017

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