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Question

A city has a population of 340,000 people. Suppose that each year the population grows by 7.5%. What will the population be after 14 years?

Use the calculator provided and round your answer to the nearest whole number.

People________

Answer 1

For this problem I used interest.

fv=p(1+int/c)^(nt)

p=340000

int=.075

c=1

n=yrs

t=times per yr

fv=935830.976....

Answer 2

A = 35000(1 + 0.075)¹⁴

Use your calculated and answer.