Rounded to the Nearest Month, How Long Will It Take

question 164

Short Answer

Rounded to the nearest month, how long will it take a town's population to grow from 32,500 to 40,000 if the annual growth rate is 3%?

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Definitions:

Double Taxation

This term refers to the imposition of taxes on the same income, asset, or financial transaction at two different levels of government or in two different jurisdictions.

Corporation Form

The corporation form refers to a legal entity structure, recognized by law, where the business is distinct from its owners, providing limited liability and allowing for ownership through stock shares.

Business

An organization or entity engaged in commercial, industrial, or professional activities with the aim to generate profits.