Question

A city has a population of 310,000 people.Suppose that each year the population grows by 6.5% . What will the population be after 9 years?

Answer 1

546,397 people

Explanation:

We solve for the above question, using the formula for Exponential growth

The formula is given as

P(t) = Po (1 + r)^t

Po = Initial population = 310,000

r = Exponential growth rate = 6.5% = 0.065

t = Time in years = 9

P(t) = Population size after time t

Hence:

P(t) = 310,000 × (1 + 0.065)⁹

P(t) = 546,396.82088 people

Approximately =546,397 people

The population will be 546,397 people after 9 years.