Question

A city has a population of 25,000. The population is expected to increase by 5.5% annually for the next decade.
i need part b.

Answer 1

Answer:

The answer will be 0.45%

Step-by-step explanation:

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Answer 2

b. The monthly interest percentage is 0.45%.

Given that,

• A city has a population of 25,000.
• The population is expected to increase by 5.5% annually for the next decade.

Based on the above information, the calculation is as follows:

$= 5.5\% \div 12$

= 0.45%

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