A city has a population of 280,000 people. Suppose that each year the population grows by 4.75% . What will the population be af
ter 7 years ? Use the calculator provided and round your answer to the nearest whole number.
1 answer:
<h2><em>8.75% = 0.0875
</em></h2><h2><em>
P(t) = Initial Population * (1 + rate)t
</em></h2><h2><em>
P(t) = 280,000(1 + 0.0875)t
</em></h2><h2><em>
P(t) = 280,000(1.0875)t
</em></h2><h2><em>
P(9) = 280,000(1.0875)9
</em></h2><h2><em>
P(9) = 595,692</em></h2>
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