Question

A population of a town increases by 7% every year. If its population today is 40,000, what is its population in 3 years?

Answer 1

A = 40,000(1 + 0.07)^3

A = 40,000(1.07)^3

A = 47,676.08

Therefore, the population of the town in 3 years will be approximately 47,676.