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.
1 answer:
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
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