Question

The population of new town is increasing by 6% a year. If the population was 19 613 on january 1st, 2000, what will it be january 1st, 2020?

Answer 1

Answer:

Step-by-step explanation:

The population of new town is increasing by 6% so

r = 6% = 3/50

P = 19613

We know Sum =    $P( 1 + r/100 )^{n}$

                         =   $19613(1 + 3/50)^{20}$

                         =    $19613(53/50)^{20}$

                         = 22037.17

So the population on january 1st 2020 will be nearly 22037