The number of students at a college is 15000 and it grows 4% each year. How many students will be enrolled after 5 years?
Mathematics · Middle School · Mon Jan 18 2021
Answered on
Given the equation:
The number of students at a college is 15000 and it grows 4% each year.
Determine the number of students after 5 years.
Solution:
The equation to the problem can be written as,
Number of Students = Present Number (1 + rate)^number of years
Number of Students = 15,000 ( 1 + 0.04)^5
Number of Students = 15,000 ( 1.04)^5
Number of Students = 18,250 students
Final answer:
Number of Students = 18,250 students