Question

Suppose a city with population 800,000 has been growing at a rate of 8% per year. If this rate continues, find the population of this city in 24 years.

The population in 24 years will be approximately (Round to the nearest whole number as needed.)

Answer 1

To find the population of a city in the future, use the formula P = P0 × (1 + r/100)^t. Plugging in the given values, the population of the city in 24 years will be approximately 2,013,682.

Step-by-step explanation:

To find the population of a city in the future, we can use the formula:

P = P0 × (1 + r/100)^t

Where:

P = Population in the future

P0 = Initial population

r = Growth rate

t = Number of years

In this case, the initial population (P0) is 800,000, the growth rate (r) is 8%, and the number of years (t) is 24.

Plugging these values into the formula, we get:

P = 800,000 × (1 + 8/100)²⁴

Calculating this, we find that the population of the city in 24 years will be approximately 2,013,682.

Answer 2

2,336,000

800,000 × 0.08 = 64,000

800,000 + (64,000×24)