Suppose that Mandaue City is growing or has a growth rate of 5.6%. In the year 2010, the initial population was 331,300. What will be Mandaue’s population in 2021?

Question

Calculate the population of Mandaue in 2021 using the given problem above and please show full solutions.

Answer 1

Growth factor per year is ( 1 + 5.6 / 100) = 1.056

2010 to 2021 is 11 years

So population will be 331300 x 1.056¹¹