Question

question
a town has a population of 10000 and grows at 2.5% every year. what will be the population after 7 years, to the nearest whole number?
answer
submit answer

Explanation:

Step1: Define growth formula

Use compound growth formula: $P = P_0(1 + r)^t$
Where $P_0=10000$, $r=0.025$, $t=7$

Step2: Substitute values

$P = 10000(1 + 0.025)^7$

Step3: Calculate growth factor

$(1.025)^7 \approx 1.18868575$

Step4: Compute final population

$P = 10000 \times 1.18868575$

Answer:

11887