Question

A population of 110,000 grows 5% per year for 14 years. How much will the population be after 14 years?

Answer 1

7857

Explanation:

Answer 2

Since it is growing at 5% per year, at the end of each year the population will be 1.05 times what is was at the start of the year.

Start with 110,000 and multiply by 1.05 a total of 16 times to get the population at the end of 16 years.

P = 110,000 x 1.0316 ≅ 176,518

Explanation: