A town has a population of 2000 and grows at 4% every year. What will be the population after 15 years, to the nearest whole number?

Answer 1

P(t) = Po(e^rt) for continous compounding which is how nature and population growth works

P(15) = 2000e^.04(15)

=2000e^6

Population =806,858 after 15 years