Question

The current population of a town is 8,000. If the population, P, increases by 25% each year, which equation could be used to find the population after t years?

Answer 1

given:

principal [P]=8000

rate[r]=15%

population after t years=?

we have

population after t years=P(1+r/100)^t=8000(1+15/100)^t is your answer