The population of Detroit, Michigan was 951,300 in 2000. Detroit has been experiencing a population decline of 1.4% per year since 2000. What is the projected population for 2005 in Detroit?
1 Answer
Mar 3, 2016
Explanation:
The formula that describes this population's variation is given by:
Where
In the problem
So
#P=951.300*(1-0.014)^5=951,300*0,986^5=886,548#