SOLUTION: A town has a population mean of 40,000 that is increasing at the rate of 5% each year. Find the population of the town after 6 years.

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Question 1154505: A town has a population mean of 40,000 that is increasing at the rate of 5% each year. Find the population of the town after 6 years.
Found 2 solutions by mananth, ikleyn:
Answer by mananth(16949) About Me  (Show Source):
You can put this solution on YOUR website!

P(6) = 40000+(1+0.05)^6
=40,001

Answer by ikleyn(53742) About Me  (Show Source):
You can put this solution on YOUR website!
.
A town has a population mean of 40,000 that is increasing at the rate
of 5% each year. Find the population of the town after 6 years.
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P = 40000%2A%281%2B0.05%29%5E6 = 53604   (rounded).     ANSWER