Step-by-step explanation:
geometric sequence :
a0 = 417,000
a1 = a0 × 1.012 (that is adding 1.2% for 2001)
a2 = a1 × 1.012 = a0 × 1.012²
an = a0 × 1.012^n
a20 (for the year 2020 after starting in 2000) =
= a0 × 1.012²⁰ = 417,000 × 1.012²⁰ = 529,354.1291...
if we need to round that to a full number, we get
≈ 529,534
our round it to full thousands
≈ 530,000
i don't know what result format you need. please pick the required one.
