From the details provided, we know that the population of the town gets smaller, that is, a decline and not a growth. The annual rate of decline (or decay) is 6% (or 0.06). The formula for this is given as shown below;
[tex]y=a(1-r)^x_{}[/tex]
The variables here are;
[tex]\begin{gathered} a=\text{initial value} \\ r=\text{rate of decline} \\ x=\text{period (in years)} \end{gathered}[/tex]
The equation to represent the decline of this town's student population shall be;
[tex]\begin{gathered} y=320(1-0.06)^n \\ Simplified,\text{ we now have;} \\ y=320(0.94)^n \end{gathered}[/tex]
When the population ofnthe town becomes 100, then we can replace variable y with 100. Since the formula is used to find the current population, and we have been given the population after a certain number of years, then our y is now 100.
We can now determine the number of years (variable n) that it takes before the population declines to 100 as shown below;
then our y is now 100.
We can now
