Question

Suppose a city with population of 400,000 has been growing at a rate of ​5% per year. If this rate​ continues, find the population of this city in years.

Answer 1

The number of years value isn't given, we could use an hypothetical value, which can be substituted for the correct number of years given in your exercise in other to find the exact answer.

Using a t value of 10 years

Answer:

651558

Explanation:

Given that:

Initial population, P0= 400,000

Growth rate, r = 5%

Using the relation :

P(t) = P0 * (1 + r)^t

t = number of years = 10

P(10) = 400000 * (1 + 0.05)^10

P(10) = 400000 * (1.05)^10

P(10) = 400000 * 1.628894626777

P(10) = 651557.8507

= 651558 nearest whole number.

Recall that, the t value used is hypothetical and should be replaces with te exact value given in your question.