Question

The population of a town grows at a rate proportional to the population present at time t. the initial population of 500 increases by 15% in 10 years. what will be the population in 50 years? (round your answer to the nearest person.)

Answer 1

This is a case of exponential growth.  The appropriate equation, with the given data inserted, is     P(t) = 500 ( 1+0.15)^50

or                                   = 500 (1.15)^50

Evaluate this on your calculator.