Tacoma’s population in 2000 was about 200 thousand, and has been growing by about 8% each year. If this continues, what will Tacoma’s population be in 2012?
Tacoma’s population in 2000 was about 200 thousand, and has been growing by about 8% each year. If this continues, what will Tacoma’s population be in 2012?
Answer:
503634
Step-by-step explanation:
The formula for calculating future value:
FV = P (1 + r) n
FV = Future value
P = Present value
R = interest rate
N = number of years
200,000(1.08)^12