Answer :
Answer:
Amount = Initial value × (1 + rate of interest)^years and 374
Step-by-step explanation:
The formula to determine the student population and the estimated student population is given below:
As we know that
Amount = Initial value × (1 + rate of interest)^years
= 284 × (1 + 0.04)^7
= 284 × 1.04^7
= 373.72
= 374