Solution to Solve the following recurrence relations for the initial conditions given. The population of Utopia increases … - Sikademy
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Archangel Macsika

Solve the following recurrence relations for the initial conditions given. The population of Utopia increases 5 percent per year. In 2000 the population was 10,000. What was the population in 1970?

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Given r=0.05, P(30)=10000


P_0=\dfrac{P(30)}{(1+r)^{30}}=\dfrac{10000}{(1+0.05)^{30}}=2314

The population was 2314 in 1970.


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Question ID: mtid-5-stid-8-sqid-799-qpid-684