The population of a city increases by 1.7% per year. What should we multiply the current population by to find the next year's population in one step?Answer:
Q. The population of a city increases by 1.7% per year. What should we multiply the current population by to find the next year's population in one step?Answer:
Convert to Decimal: To find the multiplier that represents a 1.7% increase, we need to express the percentage increase as a decimal and then add it to 1 to get the total multiplier.1.7% as a decimal is 0.017.
Calculate Multiplier: Now, we add the decimal to 1 to find the multiplier for the population increase.Multiplier = 1+0.017=1.017
Check Calculation: We can check our calculation by considering a simple example. If the population were 100, a 1.7% increase would add 1.7 to it, resulting in a population of 101.7. This is the same as multiplying 100 by 1.017.
More problems from Exponential growth and decay: word problems