Question

Suppose a city with population 300 comma 000 has been growing at a rate of 3​% per year. If this rate​ continues, find the population of this city in 13 years.

Answer 1

Answer:

The population of this city in 13 years is 440,550.

Step-by-step explanation:

Given:

Suppose a city with population 300, 000 has been growing at a rate of 3​% per year.

Now, to find the population of this city in 13 years.

Let the population of this city in 13 years be $A.$

Population ($P$) = 300,000.

Rate per year ($r$) = 3%.

Time ($t$) = 13 years.

Now, we put formula to get the population of the city in 13 years:

$A=P(1+r)^t\\\\A=300,000(1+3\%)^{13}\\\\A=300,000(1+0.03)^{13}\\\\A=300,000(1.03)^{13}\\\\A=300,000\times 1.4685\\\\A=440,550.$

Therefore, the population of this city in 13 years is 440,550.