Question

A city has a population of 310 000 of people. Suppose that each year the population grows by 7.25%. What will the population be after 12 years?

Answer 1

This is an exponential growth problem.

The equation is: total = start value x ( 1 + rate)^time

Total = 310,000(1 + 0.0725)^12

Total = 718,008

Answer: 718,008