Question

Suppose the population of a town is 2,200 and is growing 4% each year. Predict the population after 10 years​

Answer 1

A 4% increase per annum increases the population by a multiple of 1.04.

population after 10 years = initial population × 1.04^(years)

=2200×1.04^(10)= 3256.54 or 3257 rounded up