Question

A town has a population of 17000 and grows at 4% every year. What will be the population after 12 years, to the nearest whole number?

Answer 1

P=17000

r=4 %

n=12 years

$A=P(1+\frac{r}{100})^n \\ = 17000(1+0.04)^{12} \\ = 17000 \times 1.04^{12} \\ = 17000 \times 1.601032 \\ = 27217.54 \\ = 27218$