The population of a city increases by 0.5% per year. If this year's population is 201,000, what will next year's population be, to the nearest individual?

Answer 1

To find next year's population given this year's population and the annual growth rate, you can use the formula for population growth:

\[ \text{Next year's population} = \text{Current population} \times (1 + \text{growth rate}) \]

In this case, the current population is 201,000, and the growth rate is 0.5%, which can be expressed as a decimal:

\[ \text{growth rate} = \frac{0.5}{100} = 0.005 \]

Now, substituting the values into the formula:

\[ \text{Next year's population} = 201,000 \times (1 + 0.005) \]

Calculating that:

\[ \text{Next year's population} = 201,000 \times 1.005 = 202,005 \]

Thus, next year's population, rounded to the nearest individual, will be:

\[ \boxed{202005} \]