For a village, the population P grows at arate of 1.6 % per year. The formula P= 3650 (1 + r) models the village's population t years after 2018, wherer is the rate of population growth. What will the population be in the year 2022?

For a village, the population P grows at arate of 1.6 % per year. The formula P= 3650 (1 + r) models the village's population t years after 2018, wherer is the rate of population growth. What will the population be in the year 2022?

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter5: Business And Economic Forecasting

Section: Chapter Questions

Problem 1.3CE: Logarithms are especially useful for comparing series with two divergent scales since 10 percent...

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For a village, the population P grows at a rate of 1.6 % per year. The formula P = 3650 (1 + r)
models the village's population t years after 2018, wherer is the rate of population growth. What
will the population be in the year 2022?

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