There are 800 students in a certain highschool in 2001. the trend during the previous years shows a yearly increase of 20% in enrollment. What will the enrollment be in 16 years?
1 Answer
Mar 22, 2018
Explanation:
Increase in number of students enrolled is compounded by 20% every year.
Hence it follows compound interest formula of
http://www.bidproposal.com/monthly-compound-interest-formula/
Total number of students after 16 years will be given by