Suppose a city with population 615 comma 000 has been growing of a rate of 2​% per year. If this rate​ continues, find the population of this city in 10 years.

Question

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Part 1
The population of this city in 10 years will be
  
enter your response here.
​(Round to the nearest whole number as​ needed.)

Answer 1

To find the population of the city in 10 years, we can use the formula for exponential growth:

Population = Initial Population * (1 + Growth Rate)^Time

Initial Population = 615,000
Growth Rate = 2% = 0.02
Time = 10 years

Plugging in these values, we have:

Population = 615,000 * (1 + 0.02)^10

Population = 615,000 * (1.02)^10

Population ≈ 615,000 * 1.2184

Population ≈ 749,638

Therefore, the population of this city in 10 years would be approximately 749,638.