The population of a city decreases by 1.7% per year. If this year's population is 366,000, what will next year's population be, to the nearest individual?
Question
The population of a city decreases by 1.7% per year. If this year's population is 366,000, what will next year's population be, to the nearest individual?
Solution
To find the population of the city next year, we need to calculate the decrease in population.
Step 1: Convert the percentage decrease to a decimal. 1.7% = 0.017.
Step 2: Multiply this year's population by the decimal equivalent of the percentage decrease. This will give us the number of people by which the population will decrease. 366,000 * 0.017 = 6,222.
Step 3: Subtract the decrease from this year's population to find next year's population. 366,000 - 6,222 = 359,778.
So, to the nearest individual, next year's population will be approximately 359,778.
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