Question

A city has a population of 210,000 people. Suppose that each year the population grows by 3.25% . What will the population be after 10 years?
Use the calculator provided and round your answer to the nearest whole number.

Answer 1

Answer: the population be after 10 years is 289145

Step-by-step explanation:

The growth rate is exponential. We would apply the formula for exponential growth which is expressed as

y = b(1 + r)^t

Where

y represents the population after t years.

t represents the number of years.

b represents the initial population.

r represents rate of growth.

From the information given,

b = 210000

r = 3.25% = 3.25/100 = 0.0325

t = 10 years

Therefore,

y = 210000(1 + 0.0325)^10

y = 210000(1.0325)^10

y = 289145