A city has a population of 350,000 people. Suppose that each year the population grows by 8%. What will the population be after 11 years?

Question

Round your answer to the nearest whole number

Answer 1

This is an example of exponential growth. The growth relation in this problem is

p(t) = 350,000 (1.08)^t

t = years elapsed from the time the population was 350,000

Plug in t=11 and evaluate p(11).