Question

A population of 1236000 grows 1.3%per year. Find the population after 10 years

Answer 1

Original Population = 1236000
Growth Rate = 1.3% per year
Since the population grows at an exponential rate, we can say that the growth of the population is an exponential growth.
Using the formula of exponential growth

population after 10 years = Original population (1-1.3%)^10
= 1236000 {1+(1.3/100)}^10
= 1236000 (1+0.013)^10
= 1236000 × 1.013^10
= 1236000 × 1.13787
= 1406407.32

Hence the population after the 10 years is 1406407.32