SOLUTION: The population of a small town is presently 15,000. The town has grown steadily by 2.5% each year. If the town continues to grow, what will the population of the town be at th

Algebra ->  Polynomials-and-rational-expressions -> SOLUTION: The population of a small town is presently 15,000. The town has grown steadily by 2.5% each year. If the town continues to grow, what will the population of the town be at th      Log On


   

Question 1072179:
The population of a small town is presently 15,000. The town has grown steadily by 2.5% each year. If the town continues to grow, what will the population of the town be at the end of five years?
Answer by addingup(3677) About Me  (Show Source):
You can put this solution on YOUR website!
15000(1+0.025)^5 = 15000(1.025)^5 calculate 1.025^5 and multiply the product times 15000 to get your answer.