Problema Solution
suppose a city with population 400,000 has been growing at a rate of 2% per year. If this rate continues, find the population of this city in 16 years.
Answer provided by our tutors
start population is 400,000
after 1 year: 400,000 + 0.02*400,000 = 400000*1.02
after 2 years: 400,000*(1.02)^2
after x years: 400,000*(1.02)^x
after 16 years: 400,000*(1.02)^16 = 549,114