Suppose a city with population 620,000 has been growing of a rate of 3% per year. If this rate continues, find the population of this city i

Question

Suppose a city with population 620,000 has been growing of a rate of 3% per year. If this rate continues, find the population of this city in 14 years

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Linh Đan 4 years 2021-08-23T07:43:58+00:00 1 Answers 17 views 0

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  1. kimchi2
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    2021-08-23T07:45:35+00:00
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    Answer:

    937,806

    Step-by-step explanation:

    We solve this question in using the population growth rate formula

    P(t) = Po(1 + r)^t

    P(t) = Population after t years. = ??

    Po = Initial Population = 620,000

    r = Growth rate = 3% = 0.03

    t = Time in years = 14

    P(t) = 620000 (1 + 0.03)¹⁴

    P(t) = 620000(1.03)¹⁴

    P(t) = 937805.62941

    Approximately P(t) = 937,806

    The population of the city in 14 years is 937,806

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