Question

In 2015, the population of a town was 8914. The population is expected to grow at a rate of 1.36% each year.

At this rate, what would be the population in 2040?


Round the the nearest whole number.

Enter your answer in the box.

Answer 1

Answer: The answer is 12495, I just took the test and that was the answer

Hope this helps!!

Answer 2

The probelem can be solve by using the formula of compund interest problem:

F = P (1 +i)^n

Where F is the future population

P is the current population

i is the percent increase

n is the number of years

F =8914 ( 1+ 0.0136)^15

F = 10916