Question

The enrollment for a new program is 1,500 students. the program is expected to grow at a rate of 0.03. what is the expected enrollment in 7 years? round to the nearest whole number.

Answer 1

The expected enrolment in 7 years is  1845.

What is the expected enrolment?

The formula for calculating future value of the number of students is an exponential equation with this form:

FV = P (1 + r) ^n

• FV = Future population
• P = Present population
• R = rate of growth of the population
• N = number of years

1500 x (1.03)^7 = 1845

To learn more about future value, please check: https://brainly.com/question/18760477

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