SOLUTION: If the population of a town is 32,000 in the year 2013, with a growing rate of 1.2 percent per year, when will the population reach 40,000 & what will the population be in 2020
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Question 971492: If the population of a town is 32,000 in the year 2013, with a growing rate of 1.2 percent per year, when will the population reach 40,000 & what will the population be in 2020
Answer by CubeyThePenguin(3113) (Show Source): You can put this solution on YOUR website!
Let x be the number of years that have passed.
32,000(1.012)^x = 40,000
x = 18.7066
The population reaches 40,000 in 2031.
In 2020, x = 7.
32,000(1.012)^7 = 34,786
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