Question

A city has a population of 340,000 people. Suppose that each year the population grows by 5.25%. What will the population be after 15 years?

Answer 1

Future population = 720800

Explanation:

Below is the calculation of population after 15 years.

Given the present population = 340000

Growth in population = 5.25%

Use below formula to find the values:

Future population = Present population ( 1 + r)^n

Future population = 340000 ( 1 + 5.25%)^15

Future population = 340000 (2.15)

Future population = 720800