A city has a population of 270,000 people. Suppose that you are the population grows by 3.75%. what will the population be after 5 years?

Answer 1

Use the formula: P(t) = 270,000(1 + .0375) ^t

P = Population

t = time in years

So, P(5) = 270,000(1 + .0375) ⁵ = 324,567