Final answer:
The increase in population over the next 3 years will be 7566.
Step-by-step explanation:
To calculate the increase in population over the next 3 years, we can use the formula:
New Population = Current Population + (Current Population * Growth Rate)
We can plug in the given values:
- New Population after 1 year = 48000 + (48000 * 0.05) = 48000 + 2400 = 50400
- New Population after 2 years = 50400 + (50400 * 0.05) = 50400 + 2520 = 52920
- New Population after 3 years = 52920 + (52920 * 0.05) = 52920 + 2646 = 55566
The increase in population over the next 3 years will be 55566 - 48000 = 7566.
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