Answer:
4432
Step-by-step explanation:
Population growth is generally expressed as a percentage of the current population. That means the growth is exponential, and the equation describing it will be ...
population = (initial value) × (growth factor)^t . . . . . where t is in years
where the growth factor is ...
growth factor = 1 +(growth rate)
__
For the given initial value of 3000 and the growth rate of 5%, the equation is ...
population = 3000(1.05^t)
When t=8, the value is ...
population = 3000(1.05^8) ≈ 3000(1.477455) ≈4432.4
The population will be about 4432 in 8 years.
