Answer: 290
Explanation:
Exponential growth equation to find the values after t years:
, where
is the initial value and r is the rate of growth ( in decimal).
As per given , we have
, r= 3% per year= 0.03 and t= 5 years
Then, the population at the end of the 5 year period will be :-
Hence, the population at the end of the 5 year period = 290