The population of New Town is increasing by 6% a year.
1 answer:
Answer:
After population (A) = 62,902 (Approx)
Step-by-step explanation:
Given:
Current population (P) = 19613
Number of years (n) = 2020 - 2000 = 20 year
Rate of growth (r) = 6% = 0.06
Find:
After population (A)
Computation:
![After\ population (A) = Current\ population (P)[1+r]^n \\\\After\ population (A) = 19613[1+0.06]^{20} \\\\After\ population (A) = 19613[1.06]^{20} \\\\After\ population (A) = 62,901.548](https://tex.z-dn.net/?f=After%5C%20population%20%28A%29%20%3D%20Current%5C%20population%20%28P%29%5B1%2Br%5D%5En%20%5C%5C%5C%5CAfter%5C%20population%20%28A%29%20%3D%2019613%5B1%2B0.06%5D%5E%7B20%7D%20%5C%5C%5C%5CAfter%5C%20population%20%28A%29%20%3D%2019613%5B1.06%5D%5E%7B20%7D%20%5C%5C%5C%5CAfter%5C%20population%20%28A%29%20%3D%2062%2C901.548)
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