Math Problem Statement

The population of a city decreases by 3.7% per year. If this year's population is 132,000, what will next year's population be, to the nearest individual?

Solution

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Math Problem Analysis

Mathematical Concepts

Percentage change
Arithmetic operations with decimals

Formulas

Population change formula P_next_year = P_this_year * (1 - r)

Theorems

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Suitable Grade Level

Grades 7-9