SOLUTION: A city has a population of 240,000 people. Suppose that each year the population grows by 4.25%. What will the population be after 10 years? Round to the nearest whole number.

Question 1030472: A city has a population of 240,000 people. Suppose that each year the population grows by 4.25%. What will the population be after 10 years?
Round to the nearest whole number.
Found 2 solutions by fractalier, Cromlix:
Answer by fractalier(6550) (Show Source): You can put this solution on YOUR website!
Given that it grows exponentially, we write
P(4) = P(0)*(1.0425)^4
p(4) = 240000*(1.0425)^4 = 283476 to the nearest whole person...
Answer by Cromlix(4381) (Show Source): You can put this solution on YOUR website!
Hi there,
100% + 4.25%
= 104.25%
104.25% = 104.25/100 = 1.0425 (factor)
240,000 x 1.0425^10
= 363,891.
Hope this helps :-)
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