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The town of wattle has a population that is decreasing steadily. It is found that the population is decreasing at a rate of 5.7% per year. How long will it take for the population to be beneath 48% of what it is now?

Respuesta :

The number of years it would take the population to be beneath 48% of what it is now is 13 years.

How long will it take the population to be beneath 48%?

Number of years = (In FV / PV) / r  

  • FV = future value
  • PV = present value
  • r = interest rate
  • FV / PV = 48 /100 = 0.48

(In 0.48) / 0.057 = 12.87 years = 13 years

To learn more about how to determine the number of years, please check: https://brainly.com/question/21841217

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