Suppose the population of a town is 8,200 and is growing 4% each year, what is the population expected to be in 10 years
1 answer:
Answer:
12,138 people
Step-by-step explanation:
Create an equation using the basic exponential growth equation:
y = a(1 + r)^t, where a is the initial amount, r is the growth rate as a decimal, and t is the amount of time in years.
Plug in the values we know
y = a(1 + r)^t
y = 8200(1 + 0.04)^10
y = 8200(1.04)^10
= 12,138 people
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