A town has a population of 17000 and grows at 3% every year. What will be the population after 10 years, to the nearest whole number?
To find the population after 10 years, we can use the formula:
Population after n years = Population * (1 + growth rate)^n
where:
- Population = 17000 (initial population)
- Growth rate = 3% = 0.03
- n = 10 (years)
Plugging in the values:
Population after 10 years = 17000 * (1 + 0.03)^10
Calculating:
Population after 10 years ≈ 17000 * (1.03)^10 ≈ 17000 * 1.343916379 ≈ 22,875.78 ≈ 22,876
Therefore, the population after 10 years would be approximately 22,876.