Answer:
The population in 2019 will be of 73989.79
Step-by-step explanation:
The growth of the population is growing in a compounded manner, so to solve this problem we can use a compounded interest formula, as shown below:
M = C*(1 + r)^t
Where M is the final population, C is the initial population, r is the growth rate and t is the time elapsed. In this case we have a initial population in 1995 and we want to know the population in 2019, so the time elapsed is 24 years. We can solve the question by applying the provided data as shown below:
M = 11211*(1 + 0.0818)^24
M = 11211*(1.0818)^24 = 73989.79
