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Suppose you deposit $5,000 in a savings account that earns 3% annual interest. If you make no other withdrawals or deposits, how many years will it take the account balance to reach at least $6,000? A. 10 years. B. 6 years. C. 7 years. D. 4 years
Answer:
After 7 years the population will be 15268.
Step-by-step explanation:
Given a town has a population of 12000 and grows at 3.5% every year. we have to find the population after 7 years.
As the general growth formula is
where A = Amount after growth
P = Original amount
r = yearly growth rate
t = no. of years
here, P=12000, r=0.035, t=7
=
=
Hence, after 7 years the population will be 15268.