Question

The population of a town is 16,519 people. Each year the population increases by 4%. What will the town’s population be in 15 years? Round your answer to the nearest whole number.

Answer 1

Answer:

  29,750

Step-by-step explanation:

Each year the population is multiplied by 100% + 4% = 1.04. We want to repeat that multiplication 15 times, once for each of the 15 years. An exponent is what we use to signify (and compute) repeated multiplication. The population will be ...

  16,519 × 1.04^15 ≈ 29749.8 ≈ 29,750