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1. The population of the state of North Carolina has been growing at about 1.4% annually. The population was 26 million in the year 2000, what is the estimate of the population in 2010?

2. Your parents put $6,000 in a savings account for your college education at the time you were born. How much will be in the account at age 18 if you earned 2.75% annually?

2007-04-24 03:54:14 · 2 answers · asked by Rhonda 2 in Science & Mathematics Mathematics

2 answers

1.
26,000,000(1.014)to the power of 10
26,000,000*1.149157
29878094.6

2.
6000(1.0275)to the power of 18
6000*1.6295697
$9777.42

2007-04-24 04:04:15 · answer #1 · answered by Jaim 2 · 0 0

1. 26000000*(1.014)^10=29878095--rounded to the nearest person.

2. 6000*(1.0275)^18=9777.41 dolloars.

2007-04-24 04:00:00 · answer #2 · answered by bruinfan 7 · 0 0

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