You have a population of 1000 individuals that is increasing at a growth rate of 10% per year.What will the population be in 5 years?

Question

Quizplus · Accepted Answer

To find the population in 5 years, we can use the formula P = P0*(1+r)^t, where P0 is the initial population, r is the annual growth rate as a decimal, t is the time in years, and P is the final population. 
P = 1000*(1+0.1)^5
P = 1000*(1.1)^5
P = 1000*1.61
P = 1610 
Therefore, the population in 5 years will be 1610, which corresponds to choice B.

You Have a Population of 1000 Individuals That Is Increasing