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15 September, 10:54

The population is 25000. the population increases 3% yearly. whats the population 10 years from now

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Answers (2)
  1. 15 September, 11:07
    0
    Population in the zeroth year = 25000

    After 1 year it increases to 3%, that is 100% + 3% = 103% = 103/100 = 1.03

    So it increases by a multiplying factor of 1.03.

    At the end of year 1 = 25000*1.03

    At the end of year 2 = 25000*1.03*1.03 = 25000*1.03²

    At the end of year 3 = 25000*1.03*1.03*1.03 = 25000*1.03³

    ...

    ...

    Similarly at the end of 10 years = 25000*1.03¹⁰ evaluate with calculator.

    = 25000*1.03¹⁰ ≈ 33 597.91

    So the population at the end of 10 years will be ≈ 33 598

    Hope this explains it.
  2. 15 September, 13:40
    0
    Here we can find it by the formula of simple interest

    A=P*R*t:100

    A=25000*3*10:100

    A=2500*3

    A=7500

    Then the population after 10 yrs will be 25000 + 7500 = 100000
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