Question

A city has a population of 250,000 people. Suppose that each year the population grows by 6%. What will the population be after 5 years?Use the calculator provided and round your answer to the nearest whole number.

Answer 1

Answer:

The population after 5 years is approximately 337,465 people

Step-by-step explanation:

The population of the city is 250,000

Annual growth rate is 6%

The population after t years is:

`P=P_oe^(rt)`

After 5 years, t = 5 and the population becomes:

`\begin{gathered} P=250000e^{(6)/(100)*5} \\ \\ =250000e^(0.3) \\ \\ \approx337465 \end{gathered}`

The population after 5 years is approximately 337,465 people