A Population Is Growing at a Constant Yearly Percentage Rate

question 27

Multiple Choice

A population is growing at a constant yearly percentage rate of 7%.The initial population is 570.What will be the population after 14 years? Round your answer to the nearest whole number. ​​

• A) 1,157
• B) 1,485
• C) 1,470
• D) 1,129

---

Definitions:

Direct Labor Price Variance

The difference between the expected cost of direct labor and the actual cost incurred.

Standard Hours

The predetermined amount of time expected to be required to complete a task or produce a unit of product under normal conditions.

Actual Rate

Often refers to the real, current exchange rate in currency markets, or the real rate of interest or return on investment.

Quantity Variance

Measures the difference between the actual amount of materials or labor used in production and the amount that should have been used, according to standards.