1. So the current population of the town is 15 200 and is growing per year with 2%.
Find the population number after 10 years.
First, let’s find the value of 2% in decimal form
=> 2/100
=> 0.02
Now, let’s try to solve
Population = 15 200 ( 1 + (0.02 x 10) )
Population = 15 200 ( 1 + 0.2 )
Population = 15 200 + 3040
Population = 18 240
Thus, in 10 years, the town’s population will increase to 18 240.
The equation model is P = Po * e^rt
The population after 10 years = 18, 559 (most approximately) ;
The population growth can be modeled by the equation P = 15,200 (1.02)^t. After 10 years, the predicted population will be approximately 18,550. This is based on a 2% annual growth rate.
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