To find the population of a city next year, we multiply its current population by 1.024 . By what percent does the population increase per year?Answer:______ %
Q. To find the population of a city next year, we multiply its current population by 1.024 . By what percent does the population increase per year?Answer:______ %
Identify Population and Growth Factor: First, we need to identify the current population and the factor by which it increases. The problem states that the population is multiplied by 1.024 to find the population for the next year.
Calculate Percent Increase: To find the percent increase, we need to subtract 1 from the growth factor because the original population is represented by 1 (or 100%).So, the percent increase is (1.024−1)=0.024.
Convert Decimal Increase to Percentage: Now, we convert the decimal increase to a percentage by multiplying by 100. Percent increase = 0.024×100%=2.4%.
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