Question

An elementary school is in a growing suburb. The schools principal estimates that the current enrollment of 750 students will increase 5% each year for the next 10 years. By what percent will the enrollment increase over 10 years?

Answer 1

Answer:

Step-by-step explanatio2+2 21n:

Answer 2

The percentage will the enrollment increase over 10 years is 62.93%

Calculation of the percentage:

Here first we determine the future value

$= 750 \times ( 1+ 0.05)^{10}\\\\= 750 \times 1.10^{10}\\\\= 750 \times 1.629$

= 1,222

Now the increment should be

= 1,222 - 750

= 472

Now finally the percentage should be

$= 472 \div 750$

= 62.93%

learn more about the percentage here: https://brainly.com/question/19270423