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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.

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. class=

Answer :

stephanieo4577

Answer:

The answer will be 0.45%

Step-by-step explanation:

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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:

[tex]= 5.5\% \div 12[/tex]

= 0.45%

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