Solve.
-A town has a population of 20,000 people and is increasing by 10% every year. What will the population be at the end of 4 years?

Question

Quizplus · Accepted Answer

The population increases by 10% each year, so the population at the end of 4 years can be calculated using the formula for compound interest: P = P0(1 + r)^n, where P0 is the initial population, r is the rate of increase, and n is the number of years. Substituting the given values: P = 20,000(1 + 0.10)^4 = 20,000(1.4641) = 29,282.

Solve. -A Town Has a Population of 20,000 People and Is