Solve. Round the Answer to the Nearest Whole

question 27

Multiple Choice

Solve. Round the answer to the nearest whole.
-Suppose a city with population 320,000 has been growing at a rate of 4% per year. If this rate continues, find the population of this city in 15 years.

• A) 665,257
• B) 559,682
• C) 576,302
• D) 498,550

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Definitions:

Scenario Analysis

This method involves evaluating potential future scenarios to understand how varying conditions can influence business operations or investment outcomes.

Best-case Scenario

The optimal or most favorable outcome that can be expected under certain conditions.

Worst-case Scenario

The most severe potential outcome for a situation, often used in risk management and planning.

Forecast Risk

The risk associated with the likelihood that the forecasted figures will not align with the actual results, also known as projection risk.