25.4k views
2 votes
A small town with a population of 1667 grows 11% per year. Find the population at the end of 15 years.

User Jyablonski
by
7.7k points

1 Answer

3 votes

Answer:

6,896

Explanation:

The population at the end of 15 years can be calculated using exponential growth. The formula is P(t)=P₀(1+r)ᵗᵏ₊₁, where P₀ is the initial population, r is the growth rate, and t is the number of years. Plugging in the given values, you get P(15)=1667(1+0.11)¹⁵, which equals 6,896.

User DigiFriend
by
7.4k points