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population of 2400 increases 10% every 4 years find population in 8 years

 May 6, 2016
 #1
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FV = PV (1+i)^n    FV=Future Value   PV=Present Value(2400)   i = rate of interest or increase per period (.1)    n = periods(2)

FV = 2400(1.10)^2 =2904

 May 6, 2016
 #2
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population of 2400 increases 10% every 4 years find population in 8 years

 

2400 x (1.1)^8/4=

2400 x 1.1^2=2,904 population in 8 years.

 May 6, 2016

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