Question

The population of ramhurst in 2018 was 535. The population is growing at an average rate of 6% per year. Write an equation that will model the population after t years. What is the expected population in the year 2025?

Answer 1

804.44

Explanation:

A=p(1+r/n)^nt

2018-2015=7

7=time(t)

p=535

1=1

r=0.06

n=1

A=535(1+0.06/1)^7

A=535(1.06)^7

A= 535(1.50)

A=804.44