Question

the population of a town is 9,000 and it grows at a rate of 7% per year what will the population be in 6 years

Answer 1

The population will be 12,780. 7% of 9k is 630, multiplied by 6 equals 3780 added to 9k equals 12,780.

Answer 2

This is an exponential growth problem.

The equation is total = start value x (1 + rate)^time.

Total = 9000(1.07)^6

Total = 13506.57

Round to 13,507