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November 1st, 2015, 10:44 AM   #1
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math problem

one city's population is 75000. every year it increases with 2/100. how many people will there be after 1 year?

answer is 76500 but i need the steps.
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November 1st, 2015, 11:08 AM   #2
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2/100 = 0.02, a 2% increase ...

1.02(75000) = 76500
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November 1st, 2015, 11:11 AM   #3
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thanks!
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November 1st, 2015, 11:12 AM   #4
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but i don't understand where did you get the 1.02 from
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November 1st, 2015, 11:27 AM   #5
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The original amount was 75000. The increase was 2% or 0.02 times 75000. You could do that either as 75000+ 0.02(75000)= 75000+ 1500 or as 75000+ 0.02(75000)= 75000(1+ 0.02)= 75000(1.02).
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