The population of the urban city of Port Roswell is approximately 754, 000. Due to the trend of people moving to smaller towns, the population is expected to decrease by about 2.4% each year. You can use a function to approximate the population x years from now.Write an equation for the function.

Solution

T h e p o p u l a t i o n o f t h e u r ban c i t y o f P or t R os w e ll i s a pp ro x ima t e l y 754, 000. D u e t o t h e t re n d o f p eo pl e m o v in g t o s ma ll er t o w n s, t h e p o p u l a t i o n i s e x p ec t e d t o d ecre a se b y ab o u t 2.4% e a c h ye a r . Y o u c an u se a f u n c t i o n t o a pp ro x ima t e t h e p o p u l a t i o n x ye a rs f ro m n o w . W r i t e an e q u a t i o n f or t h e f u n c t i o n .

Amount after reduction : 735904

Solution steps

Translate the problem into an equation:

x = 754000 - 0.024 \cdot 754000

x = 754000 - 0.024 \cdot 754000 : x = 735904

Amount after reduction : 735904