Question

When Anna was born 16 years ago, her small town of Lewisville had a population of 15,000. The population has increased 11% each year since then. What is the current population of this town? a. The population of this town is approximately 68,925 b. The population of this town is approximately 79,663 c. The population of this town is approximately 17,324 d. The population of this town is approximately 240,000

Answer 1

16 years ago = - 16
Present population -16 = 15,000 (population)

11% increase = every year =0.11

present year = 15,000 x 0.11^16 
                     = 15,000 x 4.594
approx = 68,925

Answer 2

The correct answer is B, the population would be $79,663.