Suppose a city with population 615 comma 000 has been growing of a rate of 2% per year. If this rate continues, find the population of this city in 10 years.
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Part 1
The population of this city in 10 years will be
enter your response here.
(Round to the nearest whole number as needed.)
To find the population of the city in 10 years, we can use the formula for exponential growth:
Population = Initial Population * (1 + Growth Rate)^Time
Initial Population = 615,000
Growth Rate = 2% = 0.02
Time = 10 years
Plugging in these values, we have:
Population = 615,000 * (1 + 0.02)^10
Population = 615,000 * (1.02)^10
Population ≈ 615,000 * 1.2184
Population ≈ 749,638
Therefore, the population of this city in 10 years would be approximately 749,638.