Problema Solution
A city has a population of 290,000
people. Suppose that each year the population grows by
5.75%. What will the population be after
5 years?
Answer provided by our tutors
To start with, the population is: 290,000
After 1 year the population will be: 290,000(1 + 0.0575)
After 2 years the population will be: 290,000(1 + 0.0575)^2
........
After 5 years the population will be: 290,000(1 + 0.0575)^5 = 383,530