Question

A city has a population of 50,000 in 2012. If its population grows at an average rate of 3% per year, what will be its population in 2025?

a) 65,803
b) 67,522
c) 68,951
d) 70,832

Answer 1

The population of the city in 2025 can be calculated using the growth rate and the starting population. Using the formula Population in 2025 = Population in 2012 * (1 + Growth Rate)^Number of years, the population in 2025 is 68,951.

Step-by-step explanation:

To find the population in 2025, we need to calculate the growth rate over 13 years. The population is growing by an average rate of 3% per year. To calculate the population in 2025, we can use the formula:

Population in 2025 = Population in 2012 * (1 + Growth Rate)Number of years

Using this formula, the population in 2025 would be:

Population in 2025 = 50,000 * (1 + 0.03)13 = 68,951

Therefore, the correct answer is option c) 68,951.