Question

A city has a population of 250,000 people. Suppose that each year the population grows by 6%. What will the population be after 12 years ?

Answer 1

503,049

Explanation:

250,000 × 1.06^12 is the formula.

You take the percentage which is 6% and you add 1 to it.

So, you get 1.06

Then you take the 1.06 and raise it to the number of years which is 12.

1.06^12

Then you multiply that number to the base number which is 250,000 and get 503,049.

Hope this helps!