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The population of a city increases by 
1% per year. What should we multiply the current population by to find the next year's population in one step?
Answer:

The population of a city increases by 1% 1 \% per year. What should we multiply the current population by to find the next year's population in one step?\newlineAnswer:

Full solution

Q. The population of a city increases by 1% 1 \% per year. What should we multiply the current population by to find the next year's population in one step?\newlineAnswer:
  1. Identify Population Increase: Identify the percentage increase in population per year.\newlineThe population increases by 1%1\% per year.
  2. Convert to Decimal: Convert the percentage increase to a decimal to use in multiplication.\newline1%1\% as a decimal is 0.010.01.
  3. Find Multiplication Factor: Add the decimal increase to 11 to find the multiplication factor.\newlineThe multiplication factor is 1+0.011 + 0.01.
  4. Perform Addition: Perform the addition to find the multiplication factor. 1+0.01=1.011 + 0.01 = 1.01.

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