Question

An island population of 20,000, grows by 5% each year, compounded continuously. How many inhabitants will the island have in 5 years according to the exponential growth function? Round your answer down to the nearest integer

Answer 1

Answer is 25,526

A population of 20,000 growing at a constant rate of 5%

Answer 2

25680

Explanation:

A=Pe^rt

A=20000e^((0.05)(5))

A=20000e^(.25)

A=25680.508