Question

A city's population grows by about 1% each year. If the city's population is 63,000 people

Answer 1

Answer:

a - city's population at year 0

r - rate of population increase

t - number of years

In four years, the population will be 65,558

Step-by-step explanation:

y = a(1+r)^t

for year 1

y = 63,000(1+0.01)^1

y = 63,630

for year 2

y = 63,000(1+0.01)^2

y = 64,266

for year 3

y = 63,000(1+0.01)^3

y = 64,909

for year 4

y = 63,000(1+0.01)^4

y = 65,558