A town has a population of 12000 and grows at 5% every year. What will be the population after 12 years, to the nearest whole number?
Answer
Attempt 1 out of 2
To find the population after 12 years, we need to use the formula:
Population after 12 years = Population x (1 + Growth rate)^Number of years
Given:
Population = 12000
Growth rate = 5% = 0.05
Number of years = 12
Substituting the given values into the formula:
Population after 12 years = 12000 x (1 + 0.05)^12
Population after 12 years = 12000 x (1.05)^12
Population after 12 years ā 12000 x 1.76234
Population after 12 years ā 21148
Therefore, the population after 12 years will be approximately 21148 people.