Question

Suppose the population of a town is 4,400 and is growing 2% each year. Predict the population after 7 years.

a. about 61,600 people
b. about 31416 people
c. about 5,054 people
d. about 563,200 people

Answer 1

A=4,400×(1+0.02)^(7)
A=5,054

Answer 2

the answer I believe is C