Question

The formula N = p + 0.04p models the new population, N, of a town with current population p if the town is expecting population growth of 4% next year. Find the new population of a town whose current population is 4300 persons

N=? persons

Answer 1

Explanation:

To find the new population, we can substitute p = 4300 into the formula:

N = p + 0.04p

N = 4300 + 0.04(4300)

N = 4300 + 172

N = 4472

Therefore, the new population of the town is 4472 persons.