The population of a city increases by 4.1% per year. If this year's population is 361,000, what will next year's population be, to the nearest individual?

Answer 1

To calculate next year's population based on this year's population and the annual growth rate, we can use the formula for population growth:

\[ \text{Next Year's Population} = \text{Current Population} \times (1 + \text{Growth Rate}) \]

Given:

• Current Population = 361,000
• Growth Rate = 4.1% = 0.041

Now, substituting these values into the formula:

\[ \text{Next Year's Population} = 361,000 \times (1 + 0.041) \] \[ \text{Next Year's Population} = 361,000 \times 1.041 \] \[ \text{Next Year's Population} = 376,401 \]

Thus, the estimated population for next year, rounded to the nearest individual, will be 376,401.