Solve the problem.
-A town has a population of 2000 people and is increasing by 9% every year. What will the population be at the end of 9 years? Round answer to the nearest whole number.
A) 4344 people
B) 3985 people
C) 4735 people
D) 3620 people

Question

Quizplus · Accepted Answer

The population growth can be calculated using the formula for compound interest: P = P0(1 + r)^t, where P0 is the initial population, r is the rate of increase, and t is the time in years. Substituting the given values: P = 2000(1 + 0.09)^9 ≈ 4344.

Solve the Problem. -A Town Has a Population of 2000 People and Is