Suppose the population of a town was 25,000 people in 2000. If the population grows about 1.5% each year, what will the approximate population be in 2025?

Answer 1

To find the approximate population in 2025, we need to calculate the population growth from 2000 to 2025.

We can calculate the population growth by multiplying the current population by 1 plus the growth rate each year. In this case, the growth rate is 1.5%.

Population in 2000 = 25,000
Growth rate = 1.5% = 0.015

Population in 2025 = 25,000 * (1 + 0.015)^25

Using a calculator or software, we can compute the population in 2025:

Population in 2025 ≈ 25,000 * (1 + 0.015)^25 ≈ 25,000 * 1.4474 ≈ 36,185

Therefore, the approximate population in 2025 will be around 36,185 people.