From 2006 to 2010, the population of a town declined to 22,000. The population is expected to continue to decline at a rate of 2.8% each year. What will the population be in 2040? Round to the nearest whole number. Enter your answer in the box.
The population in 2040 of the town can be solved using the formula
F = P( 1 -I)^n
Where F is the future population
P is the present population
I is the decline rate
N is the number of years
F = 22,000(1-0.028)^39
F = 7268