Solve Round the Answer to the Nearest Whole Number $5 \%$

question 118

Multiple Choice

Solve. Round the answer to the nearest whole number.
-Suppose a city with population 340,000 has been growing at a rate of $5 \%$ per year. If this rate continues, find the population of this city in 20 years.

• A) 744,982
• B) 846,029
• C) \(1,090,426\)
• D) 902,121

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Definitions:

Inferior Goods

Goods whose demand decreases as the income of the consumers increases, opposite to what is observed with normal goods.

Normal Good

A normal good is a type of good for which demand increases when income increases, and decreases when income decreases, showing a direct relationship between income and demand.

Consumer Income

The total income received by consumers, including wages, salaries, benefits, and income from investments, which can be spent or saved.

Ice Cream

A frozen dessert made from dairy products, such as milk and cream, combined with flavors and sweeteners, often consumed as a treat or snack.