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29 April, 17:53

A city has a population of 370,000 people. suppose that each year the population grows by 4.75%. what will the population be after 8 years?

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  1. 29 April, 19:21
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    This is exponential growth with an annual growthrate of 4.75% and an initial population of 370,000.

    Future population = (Initial population) (1 + [growth rate]) ^ (number of years)

    Here we have:

    Future pop = 370,000 (1+0.0475) ^8

    = 370000 (1.0475) ^8 = 536332 (after rounding up to the nearest 1 person)
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