The population of a small town was 3000 at the beginning of 2007. Assuming an average growth rate of 1.8% per year, what will be the population at the beginning of 2015?

Question

Mathematics

Rene Montoya

23 May, 05:29

The population of a small town was 3000 at the beginning of 2007. Assuming an average growth rate of 1.8% per year, what will be the population at the beginning of 2015?

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Answers (2)

Know the Answer?

Javon Alvarado · Answer 1

The answer to ur question is 43,200

Dennis Simpson · Answer 2

F = P (1 + r) ^t

F = future population

P = present population = 3000

r = growth rate per year as a decimal = 0.018

t = time in years = 8 (from 2007 to 2015, it's 8 years)

F = 3000 (1 + 0.018) ^8

F = 3460

The population will be 3460.