There are 19,077 students at your university.The student population is expected to grow by 7% per year for the next few years.What is the expected student population after 3 years? Round your answer to the nearest whole number.
A) 23,370 students
B) 23,083 students
C) 20,412 students
D) None of the above

Question

There are 19,077 students at your university.The student population is expected to grow by 7% per year for the next few years.What is the expected student population after 3 years? Round your answer to the nearest whole number. ​
A) 23,370 students
B) 23,083 students
C) 20,412 students
D) None of the above

Quizplus · Accepted Answer

To find the expected student population after 3 years with a 7% annual growth rate, use the formula for compound growth: P = P0(1 + r)^t, where P0 is the initial amount (19,077 students), r is the annual growth rate (0.07), and t is the time in years (3). Calculating gives P = 19,077(1 + 0.07)^3 ≈ 23,370 students.

There Are 19,077 Students at Your University