Question

A city has a population of 340,000 people. suppose that each year the population grows by 8.75% . what will the population be after 8 years? use the calculator provided and round your answer to the nearest whole number.

Answer 1

A = P(1+i%)ⁿ, where P is the initial amount, i the growth rate in % & n = number of years

A= 340000(1+0.0875)⁸

A = 340000(1.0875)⁸

A = 665,140