Determine the enrollment 10 years later.

Question

The current enrollment at Loras college is 8000 students. If the enrollment increases by 8% per year, determine the enrollment 10 years later.

Answer 1

apply the growth factor 1.08 ten times to get eventual enrollment 8000(1.08)¹⁰.

Use your calculator to finish the job. Round off to whole # of students.