Question

In 2017 the population of Rexburg, Idaho was 28,337 people. The population was expected to grow at a rate of about 1.53% per year. Based on these numbers, what would we predict the population of Rexburg will be in the year 2020?

(Round to the nearest whole number.)

Number
people

Answer 1

29658

Explanation:

N = A (1 + increase) ^n

Where N is future amount, A is initial amount, increase is percentage increase/decrease, n is number of mins/hours/days/months/years.

N = 28337 (1 + 0.0153)^3

= 28337 (1.0153)^3

= 29658 to nearest number