Answer:
Future population in 19 years = 3,254,580 people (Approx.)
Step-by-step explanation:
Given:
Current population of city = 900,000
Growth rate of population = 7%
Number of year = 19
Find:
Future population in 19 years
Computation:
A = P[1+r]ⁿ
Future population = Current population[1+g]ⁿ
Future population in 19 years = 900,000[1+7%]¹⁹
Future population in 19 years = 900,000[1+0.07]¹⁹
Future population in 19 years = 900,000[1.07]¹⁹
Future population in 19 years = 900,000[3.6162]
Future population in 19 years = 3,254,580
Future population in 19 years = 3,254,580 people (Approx.)
