Question

I dont understand this problem can someone hlp me understand

Answer 1

Answer:

The town will have a population of 20683 after 5 years

Explanations:

Let the initial population be P₀

P₀ = 17000

Growth rate, R = 4% = 4/100 = 0.04

Time, T = 5

The population after 5 years will be given by the formula:

`\begin{gathered} P=P_0(1+R)^T \\ P\text{ = 17000(1 + 0.04})^5 \\ P=17000(1.04)^5 \\ P\text{ = }20683.09 \\ P\text{ = 20683 (to the nearest whole number)} \end{gathered}`

The town will have a population of 20683 after 5 years