The population is 25000. the population increases 3% yearly. whats the population 10 years from now
2 answers:
Here we can find it by the formula of simple interest A=P×R×t÷100 A=25000×3×10÷100 A=2500×3 A=7500 Then the population after 10 yrs will be 25000 +7500 = 100000
Population in the zeroth year = 25000 After 1 year it increases to 3%, that is 100% + 3% = 103% = 103/100 = 1.03 So it increases by a multiplying factor of 1.03. At the end of year 1 = 25000*1.03 At the end of year 2 = 25000*1.03*1.03 = 25000*1.03² At the end of year 3 = 25000*1.03*1.03*1.03 = 25000*1.03³ ... .... Similarly at the end of 10 years = 25000*1.03¹⁰ evaluate with calculator. = 25000*1.03¹⁰ ≈ 33 597.91 So the population at the end of 10 years will be ≈ 33 598 Hope this explains it.
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