# Algebra

townsville had a population of 90000 in 1998. the population is growing at an annuall rate of 1.5%. Predict to the nearest whole number the population of Townsville by the year 2010.

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1. number of years, n = 2010-1998=12
Growth rate, r = 1.5%
Compound interest formula
N(2010)=N(1998)*(1+r)^n
=90000*1.015^12
=?

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2. 107606

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