Solve. Round the answer to the nearest whole.
-Suppose a city with population 320,000 has been growing at a rate of 4% per year. If this rate continues, find the population of this city in 15 years.
A) 665,257
B) 559,682
C) 576,302
D) 498,550

Question

Quizplus · Accepted Answer

The population can be calculated using the formula for compound growth: P = P0 * (1 + r)^t, where P0 is the initial population, r is the growth rate, and t is the time in years. Here, P0 = 320,000, r = 0.04, and t = 15. Plugging in these values, P = 320,000 * (1 + 0.04)^15 ≈ 576,302.

Solve. Round the Answer to the Nearest Whole