In 2014, ABC college enrolled 100 students. If the enrollment grows 4% per year. Find the enrollment number in 2018.

Answer 1

2014 100 students

2015 100(1.04)^1 = 104

2016 100(1.04)^2 = 108.16

2017 100(1.04)^3 = 112.4864

2018 100(1.04)^4 = 116.985856

about 117 students in 2018