A town has a population of 12000 and grows at 5% every year. What will be the population after 12 years, to the nearest whole nu
mber?
1 answer:
Answer:
21,550
Step-by-step explanation:
An increase of 5% means the population is multiplied by 100% +5% = 1.05. This occurs each year for 12 years, so the multiplier is ...
1.05¹² ≈ 1.7958563
When the initial population is multiplied by this factor, it becomes ...
12,000×1.7958563 ≈ 21,550
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