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The population of a town is currently 53,550 and it is elected to grow at a consistent rate of 3.1% for the next few decades. What is the expected population in 15 years?

The population of a town is currently 53,550 and it is elected to grow at a consistent rate of 3.1% for the next few decades. What is the expected population in 15 years?
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The population of a town is currently 53,550 and it is elected to grow at a consistent rate of 3.1% for the next few decades. What is the expected population in 15 years?

User Srikavineehari
by
8.4k points

1 Answer

4 votes
53,550 * (1.031)^15 =
53,550 * 1.5808111091 =

Population in 15 years = 84,652


User Sidney Gijzen
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8.7k points
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