answersLogoWhite

0


Best Answer

Suppose the population 3 years ago was x.

Then a year later it would have been x*(1.06)

two years later it would have been x*(1.06)2

and three years later x*(1.06)3 which is 16224

So x = 16224/1.063 = 16224/1.191016 = 13621.98!

If it was 13621, it would have increased to 16222.83 now

and if it had been 13622 it would now be 16224.02.

Clearly a strange town with fractional people in it.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: If the annual increase in the population of a locality of a town be 6 percent and the present population be 16224 what was it three years ago?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Algebra

What is the present value of 500 to be received 10 yrs from today if it is discount at the rate of 6 percent?

What is the present value of 500 to be recieved 10 yrs from today if it is discount at the rate of 6 percent?


What is the present value of 2500 to be received at the beginning of each of 30 periods and discounted at 10 percent compound interest?

The present value of a series of payments with compound interest and payments at the end of a period can be found by the formula:PV = c * (1-(1+i)^(-n))/iwhere 'c' is the amount of the periodic payment,n is the number of periods, and i is the interest rate per period.Since you want to find the Present Value for payments starting at the beginning of the period, you would receive 1 payment of 2500 now, which would have a present value of 2500, plus the present value of 29 payments received at the end of the period:PV = 2500 + 2500 * (1-(1+.10)^(-29))/(0.10) = 25924.01


What will be the present value of 1000 received at the end of year 3 and then every two years after that. Using an interest rate of 18 percent per year?

It looks like there is no end date, so that means that 2 years of interest generate 1000: F3 * 1.182 - F3 = 1000 ; F3 = 2548.42, Then calculate the present value from F3:F3 = 2548.42 = P * (1.18)3 --> P = 1551.05


Is have a to be verb?

'Have' is of the verb 'to have'. 'is' is of the verb 'to be'.


What is the present value of 2000 discounted back three years if the interest rate is 8 percent compounded monthly?

If a sum of money was invested 36 months ago at 8% annual compounded monthly,and it amounts to $2,000 today, thenP x ( 1 + [ 2/3% ] )36 = 2,000P = 2,000 / ( 1 + [ 2/3% ] )36 = 1,574.51

Related questions

Which is the artery present in only 20 percent of the population?

Abnormal obturator


What is the artery present in only 20 percent of the population?

Dorsalis pedis


How do you calculate a 10 percent increase in salary?

Multiply your present (old) salary by 1.10 . Presumably the increase is not in recognition of your performance as a math teacher.


What is natural increase in population?

The rapid increase in population without any control is called non-natural increase in population.In our present world today there is a sign of non-natural increase in population .It happens when the Death Rate of people is considerably low as compared to the Birth Rate of humans.


What percent of the Zambia's population has access to electricity?

Only 13 percent of the population in Ethiopia have access to electricity.


How much nuclear energy will the world use in the future?

I think it will increase from the present 15-20 percent of electricity, perhaps up to 30 percent in the US and Europe, in the next 20 years


World Population 1985-present?

that is the present population of the world


You get a wage increase of 4 percent plus extra 5 per week your present wages are 250 per week what will your new wage be?

271


What is the present increase of 15 to 24?

percent increase of 15 to 24 = 60%% increase =|original value - new value|/original value * 100%= |15 - 24|/15 * 100%= 9/15 * 100%= 3/5* 100%= 60%


What is the third person plural present tense of the verb increase?

The third person plural present tense of the verb increase is (they) increase.


What is the present financial status of Banking industry?

In 2002 there were 7,933 commercial banks in the United States, about 73 percent of which were state chartered. While asset growth had slowed in 2001 and 2002, compared to the 8.7 percent increase in 2000, it remained similar to.


What is Ghana religion?

The religious composition of Ghana in the first postindependence population census of 1960 was 41 percent Christian, 38 percent traditionalist, 12 percent Muslim, and the rest (about 9 percent) no religious affiliation. A breakdown of the 1960 population according to Christian sects showed that 25 percent were Protestant; 13 percent, Roman Catholic; 2 percent, Protestant (Pentecostal); and 1 percent, Independent African Churches. The 1970 population census did not present figures on the religious composition of the nation.