16. The population of a certain town is 10000; if its population will decrease each year by 10% of it population in the preceding year, find its population in 5 years time.
Which GS formula would I use to solve this one? I tried using both and got the really weird answers...to which I take it that I'm looking at the question wrong...
Any suggestions on how to approach it?
To be honest, I'd probably do this without bothering with the series, because doing the iteration 5 times isn't too difficult.
The first year, there are 10,000 people. Then next year (after one year), there will be 0,9*10,000=9,000 people. The next year (after two years), there will be 0,9*9,000=8,100 people. The next year (after three years) there will be 0.9*8,100=7,290 people. The next year (after four years), there will be 0.9*7290=6561 people. The next year (after five years), there will be 0.9*6561=5904.7 people (which is either 5905 or 5904 people, depending on how you choose to round).
You could have set up a GP, which the common ratio being 0.9 and a=10,000. Works just as well. Difficulty would be whether you set n=5 or n=6; 6 gets you the answer I posited above