SOLUTION: If the population of Eugene is 161,000 now, and it grows by 5% in the next ten years, what will the population be in 2025?

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: If the population of Eugene is 161,000 now, and it grows by 5% in the next ten years, what will the population be in 2025?      Log On


   

Question 1013168: If the population of Eugene is 161,000 now, and it grows by 5% in the next ten years, what will the population be in 2025?
Answer by fractalier(6550) About Me  (Show Source):
You can put this solution on YOUR website!
Call P(t) the population of Eugene at t years in the future...we write
P(t) = 161000(1.05)^t
P(10) = 161000(1.05)^10 = 26225 people in 2025