population of 2400 increases 10% every 4 years find population in 8 years
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
2400 x (1.1)^8/4=
2400 x 1.1^2=2,904 population in 8 years.