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26 March, 07:35

A town with a population of 5,000 grows 3% each year. Find the population at the end of 10 years

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  1. 26 March, 11:17
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    Answer: The population at the end of 10 years is 6720

    Step-by-step explanation:

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

    A = P (1 + r) ^ t

    Where

    A represents the population after t years.

    t represents the number of years.

    P represents the initial population.

    r represents rate of growth.

    From the information given,

    P = 5000

    r = 3% = 3/100 = 0.03

    t = 10 years

    Therefore

    A = 5000 (1 + 0.03) ^10

    A = 5000 (1.03) ^10

    A = 6720 to the nearest whole.
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