Question

A town has a population of 14000 and grows at 3% every year. What will be the population after 6 years, to the nearest whole number?

Answer 1

Exponential growth is when, from one time to the next, dividing the sum results in a constant greater than 1.

We have this number equal to 1.03.

The population equation is:

$p(t)=(14 000)*(1.03)^{t}$ -- where t is the number of years.

So :

$p(6)=(14 000)*(1.03)^{6}=16716.73=16717$