Question

The population of a town in 2015 is 18,978. The population grew by 20% in five years.

Estimate the population of the town in 2020.

Answer 1

To estimate the population of the town in 2020 after a 20% growth in five years, divide 20% by 5 to get 4% per year. Multiply the current population by the growth factor of 1.04 to estimate the population in 2020.

Step-by-step explanation:

To estimate the population of the town in 2020, we need to find the population after a 20% growth over five years.

First, calculate the population growth rate per year by dividing 20% by 5, which is 4% per year.

Then, calculate the population in 2020 by multiplying the current population (18,978) by the growth factor of 1.04 (1 + 4% expressed as a decimal). The estimated population in 2020 is approximately 19,475.