The enrollment for a new program is 1,500 students. the program is expected to grow at a rate of 0.03. what is the expected enro
llment in 7 years? round to the nearest whole number.
1 answer:
The expected enrolment in 7 years is 1845.
<h3>What is the expected enrolment?
</h3>
The formula for calculating future value of the number of students is an exponential equation with this form:
FV = P (1 + r) ^n
- FV = Future population
- P = Present population
- R = rate of growth of the population
- N = number of years
1500 x (1.03)^7 = 1845
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