SOLUTION: The population of an island in the year 2014 is 250,000. If the population increases at the rate of 5% per year, in which year will reach 400,000? (Round to the nearest year) Th

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Question 1198413: The population of an island in the year 2014 is 250,000. If the population increases at the rate of 5% per year, in which year will reach 400,000? (Round to the nearest year)
The answer is one of the following. Which one?
A) 2015
B) 2024
C) 2069
D) 2017
E) 2018


Answer by ikleyn(52794)   (Show Source): You can put this solution on YOUR website!
.
The population of an island in the year 2014 is 250,000. If the population increases at the rate of 5% per year, in which year will reach 400,000? (Round to the nearest year)
The answer is one of the following. Which one?
A) 2015
B) 2024
C) 2069
D) 2017
E) 2018
~~~~~~~~~~~~~~~~~ 

You can use Excel spreadsheet

  Year        Population
 --------------------------
  2014		250000
  2015		262500
  2016		275625
  2017		289406
  2018		303877
  2019		319070
  2020		335024
  2021		351775
  2022		369364
  2023		387832
  2024		407224   <<<---===


From the table, you see that this will happen in the year of 2024.    ANSWER

Solved.



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