To find the population of a city next year, we multiply its current population by 1.036. By what percent does the population increase per year?

Answer 1

To determine the annual percentage increase in the population, we note that multiplying the current population by 1.036 indicates a growth factor of 1.036.

The percentage increase can be calculated as follows:

1. Subtract 1 from the growth factor: \[ 1.036 - 1 = 0.036 \]

2. Convert this decimal into a percentage by multiplying by 100: \[ 0.036 \times 100 = 3.6% \]

Therefore, the population increases by 3.6% per year.