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beks73 [17]
3 years ago
9

A town has a population of 5000 and grows at 4% every year. What will be the population after 7 years, to the nearest whole numb

er?
Mathematics
1 answer:
myrzilka [38]3 years ago
5 0

Answer:

6580 approx

Step-by-step explanation:

Given data

Population= 5000

Rate= 4%

Time = 7years

We are going to apply the compound interest formula

A=P(1+r)^t

substitute

A= 5000(1+0.04)^7

A= 5000(1.04)^7

A=5000*1.3159

A= 6579.5

Hence the population after 7 years is 6580 approx

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