Welcome to Westonci.ca, the place where your questions find answers from a community of knowledgeable experts. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

A population of 130,000 grows 4% per year for 16 years.

How much will the population be after 16 years?


Sagot :

Let's consider the scenario after each year:

After the zeroth year, the population is: 120 000(1 + 0.04)⁰

After the first year, the population is: 120 000(1 + 0.04)¹

After the second year, the population is: 120 000(1 + 0.04)²

...

Thus, we can find the general rule:

After the nth year, the population is: 120 000(1 + 0.04)ⁿ

And after the 16th year, the population is 120 000(1 + 0.04)¹⁶ = 224 758 (rounded to nearest whole number)