The town of Diamond Wish, which initially had 20 000 people, began to experience an exponential decline in population at a rate of 2.5% per year, after the closure of a local coal mine. How long will it take for the population to drop to 12 000? (round to nearest tenths).
The town of Diamond Wish, which initially had 20 000 people, began to experience an exponential decline in population at a rate of 2.5% per year, after the closure of a local coal mine. How long will it take for the population to drop to 12 000? (round to nearest tenths).
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.4: Geometric Sequences And Series
Problem 6SC
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