Question
A towns population is estimated to increase by 13% per year. Population is 20,000. What will be the population in 9 years?
Answers
oobleck
20000 * 1.13^9 = 60080
Niz
Can you further explain this? Not sure if it's the way it is written
henry2,
P = Po(1+r)^9
P = 20,000(1+0.13)^9 = 60,080.84.
P = 20,000(1+0.13)^9 = 60,080.84.