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A town’s population is 50,000 in 2018. The population has been growing at a rate of 3.7% each year. What is the estimated population of 2025? Round to the nearest whole number.
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A town’s population is 50,000 in 2018. The population has been growing at a rate of 3.7% each year. What is the estimated population of 2025? Round to the nearest whole number.

User Lewaa
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The formula for exponential growth is: Total = Starting value(1 + rate)^time

2018 to 2025 is 7 years:

Total = 50,000(1+0.037)^7

Total = 50,000(1.037)^7

Total = 64,479

User Anil Chahal
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