population of 10,000 +5% every year for three years

1 answer

To calculate the population after three years, we need to add 5% of the current population each year.

Year 1: Population = 10,000 + (10,000 * 0.05) = 10,000 + 500 = 10,500

Year 2: Population = 10,500 + (10,500 * 0.05) = 10,500 + 525 = 11,025

Year 3: Population = 11,025 + (11,025 * 0.05) = 11,025 + 551.25 = 11,576.25

Therefore, the population after three years would be approximately 11,576.