Question

The initial population of a town is 1,300 and it is increasing at the rate of 3% each year. Find the population at 12 years​

Answer 1

The town will increase by 468 people in 12 years and there will be 1768

3% of 1300 is 39
39x12 is 468
Adding together 1300 and 468 makes 1768

Answer 2

1300 * (1 + 0.03)^12 = 1853