Answer: After 7 years, the population will be approximately 420,152 people.
Explanation:
The population of a place is currently 290,000 people. If the population grows by 5.5% every year, we can calculate the population after 7 years.
To find the population after 1 year, we can multiply the current population by 1 + 5.5% (or 0.055). So, after 1 year, the population will be:
290,000 * (1 + 0.055) = 290,000 * 1.055 = 305,950
After 2 years, we can multiply the population after 1 year by 1 + 5.5% again. So, after 2 years, the population will be:
305,950 * (1 + 0.055) = 305,950 * 1.055 = 322,878.25 (rounded to the nearest whole number)
Following the same pattern, we can find the population after 3 years, 4 years, and so on, until we reach 7 years. Here are the calculations for each year:
Year 3: 322,878.25 * (1 + 0.055) = 340,450.69 (rounded to the nearest whole number)
Year 4: 340,450.69 * (1 + 0.055) = 358,878.21 (rounded to the nearest whole number)
Year 5: 358,878.21 * (1 + 0.055) = 378,244.32 (rounded to the nearest whole number)
Year 6: 378,244.32 * (1 + 0.055) = 398,637.55 (rounded to the nearest whole number)
Year 7: 398,637.55 * (1 + 0.055) = 420,152.42 (rounded to the nearest whole number)