Question

Suppose the population of a town is 98,000 in 2014. The population increases at a rate of 3.7 percent every year. What will the population of the town be in 2020? Round your answer to the nearest whole number.

Answer 1

Answer: 121871

Step-by-step explanation:

Current population = 98000

Rate of increase = 3.7% / year

Total time = 2020 - 2014 = 6 years

Population in 2020 = 98000 * (1+ (3.7/100))^6

= 98000 * (1.037)^6  =  98000 * 1.243576 = 121870.505

Rounding off to nearest whole number we get the population = 121871