The population of a town is 8600 and is growing 3% a year. What will the population be after 3 years
2 answers:
The formula for this question is P(n) = P*(1+r)^n
So the initial population is 8600 or P, and n can be the number of years. r is the rate it grows, 3% or 0.03.
Plug in these values
P = 8600
r = 0.03
n = 3
into P(n) = P*(1+r)^n
Multiply 8600 by .03 and add the number to 8600, do this 3 times and you will get the final population after 3 years
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