88.7k views
4 votes
In 2005 the population of a district was 28,300 with a growth rate of 7% what will the population be in 2022 according to exponential growth function

User Rushikumar
by
7.6k points

1 Answer

1 vote

We can use the exponential growth function as follows:


y=a(1+r)^t

Where:

a = Initial amount = 28300

r = Growth rate = 7% = 0.07

t = time ( in years)

so:


\begin{gathered} y=28300(1+0.07)^t \\ y=28300(1.07)^t \\ \end{gathered}

Evaluate the function for 17 years:


\begin{gathered} t=17 \\ y=28300(1.07)^(17) \\ y\approx89394 \end{gathered}

Answer:

Approximately 89394

User Manisha  Bano
by
7.9k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories