The population of camden, New Jersey has been decreasing by 0.12% a year on average. If this trend continues, and the population was 79,318 in 2006, estimate Camden's population in 2015.

Question

Mathematics

Scarlet Carrillo

1 December, 20:05

The population of camden, New Jersey has been decreasing by 0.12% a year on average. If this trend continues, and the population was 79,318 in 2006, estimate Camden's population in 2015.

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Answers (1)

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Naima · Answer 1

By the trend that is being given above, the population of New Jersey will only be 99.88% of the population from the previous year. It may be calculated through the following equation,

P (n) = P (0) x (1 - r) ^n

Substituting the values from the given above,

P (n) = 79,318 x (0.9988) ^ (2015 - 2006)

= 78465.47

Thus, the population will approximately be 78,466.