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The population of a city increases by 4% 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 4% 4 \% per year. What should we multiply the current population by to find the next year's population in one step?\newlineAnswer:

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Q. The population of a city increases by 4% 4 \% per year. What should we multiply the current population by to find the next year's population in one step?\newlineAnswer:
  1. Original Population Calculation: To find the next year's population after a 4%4\% increase, we need to consider the original population as 100%100\% and add the 4%4\% increase to it.\newlineCalculation: 100%+4%=104%100\% + 4\% = 104\%\newlineTo use this as a multiplier, we convert the percentage to a decimal.\newlineCalculation: 104%=104100=1.04104\% = \frac{104}{100} = 1.04

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