Question

The population of Boomtown is currently 9000 and expected to grow by 2.7% over the next year. What will its population be by then?

Answer 1

To calculate the population of Boomtown after growing by 2.7% over the next year, you can use the following formula:

Population after growth = Current population × (1 + Growth rate/100)

In this case:

Current population = 9,000
Growth rate = 2.7%

Now, plug these values into the formula:

Population after growth = 9,000 × (1 + 2.7/100)

Population after growth = 9,000 × (1 + 0.027)

Population after growth = 9,000 × 1.027

Population after growth ≈ 9,243

So, Boomtown's population is expected to be approximately 9,243 by the end of the next year after growing by 2.7%.