Question

A town has a population of 8000 and grows at 3% every year. To the nearest tenth of a year, how long will it be until the population will reach 16300?

Answer 1

Answer:

It will take approximately 34 years

Step-by-step explanation:

If a town population is 8000 and grows 3% annually.

How long will it take to reach 16300

growth is 16300 - 8000 = 8300

using simple interest formula

SI = (P × r × t)/100

8300 = (8000 × 3 × t)100

8300= (80 × 3)t

8300 = 240t

t = 8300/240

t ≈ 34 years to the nearest tenth