Question

At town has a population of 13000 and grows at 2.5% every year. What will be the population after 5 years, to the nearest whole number?

Answer 1

the answer will be 14708

Answer 2

14708

Explanation:

Apply the formula:

Amount at time t in years =

(Starting amount)(1 + yearly per cent increase)^(Number of years) =

(13,000)(1 + 2.5%)^5 =

13000(1.025)^5 =

14708.3067676 =

14708, to the nearest whole number.