Question

The population of a town grows at a rate proportional to the population present at time t. the initial population of 500 increases by 5% in 10 years. what will be the population in 70 years? (round your answer to the nearest person.)

Answer 1

Each decade, the population is multiplied by 1.05, so in 7 decades, it will be multiplied by 1.05⁷. In 70 years the population will be

... 500·1.05⁷ ≈ 704