Question

A town population is 50,000 in 2018. The population has been growing at a rate of 3.7% each year. What is the estimated population of 2025?

Answer 1

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Answer 2

The formula for exponential growth is: Total = Starting value(1 + rate)^time

2018 to 2025 is 7 years:

Explanation:

Total = 50,000(1+0.037)^7

Total = 50,000(1.037)^7

Total = 64,479 -(Answer)