A town has a population of 5000 and grows at 2% every year. What will be the population after 5 years, to the nearest whole number?

Answer 1

Hi, Malachi!

y=a(1+r)^x [Exponential growth equation]

a=5000 [initial population]

r=2% or .02 [rate of growth]

x=5 [time in years]

y= 5000(1+.02)⁵

y=5000(1.02)⁵

y=5520.4

y=5520 people

I hope this helps! Have a great day!

Mrs. S.