Answer:
N ≈ 88,384
Explanation:
To estimate the population of the town at the end of 2 years, we can use the following formula for exponential growth:
N = N0 * (1 + r)^t
where N is the final population, N0 is the initial population, r is the annual growth rate expressed as a decimal, and t is the time period in years.
In this case, the initial population (N0) is 80,000, the growth rate (r) is 0.04, and the time period (t) is 2 years. Plugging these values into the formula, we get:
N = 80,000 * (1 + 0.04)^2
N ≈ 88,384
Therefore, the estimated population of the town at the end of 2 years is approximately 88,384.