The population of a certain town is growing exponentially with yearly growth factor 1.03.The initial population is 1,874.What will be the population after 6 years? Round your answer to the nearest whole number.

Question

The population of a certain town is growing exponentially with yearly growth factor 1.03.The initial population is 1,874.What will be the population after 6 years? Round your answer to the nearest whole number. ​

Quizplus · Accepted Answer

The population after 6 years can be calculated using the formula for exponential growth: P = P0 * (growth factor)^years. Here, P0 = 1,874, growth factor = 1.03, and years = 6. So, P = 1,874 * (1.03)^6 ≈ 2,238.

The Population of a Certain Town Is Growing Exponentially with Yearly