Answer:
The population increase by people per year at rate of 2.4 %
Step-by-step explanation:
Given in the question as
The Population of city in 2004 was 22,700
The population of city in 2010 is 26,300
Let the rate of increase of people per year is R%
So, population is increase from 2004 to 2010 i.e in 6 years
So, equation can be written as
Final population = Initial population [tex]( 1+ \frac{Rate}{100})^{6}[/tex]
Or, 26,300 = 22,700 [tex]( 1+ \frac{Rate}{100})^{6}[/tex]
Or, [tex]\frac{26,300}{22,700}[/tex] = [tex]( 1+ \frac{Rate}{100})^{6}[/tex]
Or, 1.158 = [tex]( 1+ \frac{Rate}{100})^{6}[/tex]
Or ,[tex](1.158)^{\frac{1}{6}}[/tex] = 1 + [tex]\frac{Rate}{100}[/tex]
Or , 1.024 - 1 = [tex]\frac{Rate}{100}[/tex]
Or, 0.024 = [tex]\frac{Rate}{100}[/tex]
∴ Rate = 0.024 × 100 = 2.4
Hence the population increase by people per year at the rate of 2.4% Answer