Suppose the student population of Algebra City was 3,845, 721 in 2015. The population was predicted to increase 1.18% each year for the next 25 years. What will the student population of Algebra City be in the year 2025?

3,891, 342 students

4,324,386 students

5, 156, 376 students

4,537,950 students

4,324,386 students

Step-by-step explanation:

Student population in 2015 = 3,845,721

Percentage of students population in 2015 = 100%

Percentage increase of students each year = 1.18%

What will the student population of Algebra City be in the year 2025?

2025 population = 3,845,721(100% + 1.18%)^t

Where

t = number of years

= 2025 - 2015

= 10 years

2025 population = 3,845,721(100% + 1.18%)^t

= 3,845,721(1 + 0.118)^10

= 3,845,721(1.0118)^10

= 3,845,721(1.1244670934955)

= 4,324,386.7152646077555

Approximately,

= 4,324,386 students