235k views
5 votes
A town has a population of 5000 and grows at 4% every year. What will be the population after 7 years, to the nearest whole number?

1 Answer

2 votes

Answer: The population would be 6580 after 7 years.

Explanation:

The growth rate is exponential. We would apply the formula for exponential growth which is expressed as

y = b(1 + r)^ t

Where

y represents the population after t years.

t represents the number of years.

b represents the initial population.

r represents rate of growth.

From the information given,

b = 5000

r = 4% = 4/100 = 0.04

t = 7 years

Therefore

y = 5000(1 + 0.04)^7

y = 5000(1.04)^7

y = 6580

User Vinayknl
by
7.9k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories