Question 2 A town has a population of 45000, This population increases exponentially at a rate of 1.6% per year. Find the population of the town at the end of 5 years. Give your answer correct to the nearest hundred.
Answers
Answered by
6
Answer:
answer will be 48717
Step-by-step explanation:
use compound interest here
so
A= P(1+I) ^n
= 45000(1+0.016)^5
= 45000(1.016)^5
= 48,717.0581
Answered by
1
Answer:
Hence, the population after 5 years = 48717.
Step-by-step explanation:
Given: The population of the town = 45000
To find: Population after 5 years
Solution: 1.6% of 45000 for 5 years
= 45000 × 101.6/100 × 101.6/100 101.6/100 × 101.6/100 ×101.6/100
= 48717 【Ans】
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