SageTheKiid3607 SageTheKiid3607

22-10-2020
Business

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A roadway has a current AADT of 15,000 vehicles. If the town projects an annual 2 percent traffic growth rate, what is the AADT in 20 years

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Parrain Parrain

23-10-2020

Answer: 22,289 vehicles

Explanation:

Annual Average Daily Traffic to grow by 2% per year.

Using compound interest formula, in 20 years the AADT will be;

= 15,000 * ( 1 + 2%) ^ 20

= 22,289 vehicles

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