A city has a population of 280,000 people. Suppose that each year the population grows by 8.75%. What will the population be after 9 years?

Answer 1

8.75% = 0.0875

P(t) = Initial Population * (1 + rate)^t

P(t) = 280,000(1 + 0.0875)^t

P(t) = 280,000(1.0875)^t

P(9) = 280,000(1.0875)⁹

P(9) = 595,692