Question48 of 56 The population of Greenville increased by 7\% from 2015 to 2016. If the 2016 population is $k$ times the 2015 population, what is the value of $k$ ? A) 0.07 B) 0.7 C) 1.07 D) 1.7

Studdy Solution
Solve for $k$.
Since the 2016 population is $k$ times the 2015 population, we have:
$$k \times P = 1.07P$$
Divide both sides by $P$:
$$k = 1.07$$
Thus, the value of $k$ is:
$\boxed{1.07}$