A town with a population of 5,000 grows 3% each year. Find the population at the end of 10 years

Answer: The population at the end of 10 years is 6720

Step-by-step explanation:

The growth rate is exponential. We would apply the formula for exponential growth which is expressed as

A = P (1 + r) ^ t

Where

A represents the population after t years.

t represents the number of years.

P represents the initial population.

r represents rate of growth.

From the information given,

P = 5000

r = 3% = 3/100 = 0.03

t = 10 years

Therefore

A = 5000 (1 + 0.03) ^10

A = 5000 (1.03) ^10

A = 6720 to the nearest whole.