Answer: The population at the end of 10 years is 6720
Step-by-step explanation:
The growth rate is exponential. We would apply the formula for exponential growth which is expressed as
A = P(1 + r)^ t
Where
A represents the population after t years.
t represents the number of years.
P represents the initial population.
r represents rate of growth.
From the information given,
P = 5000
r = 3% = 3/100 = 0.03
t = 10 years
Therefore
A = 5000(1 + 0.03)^10
A = 5000(1.03)^10
A = 6720 to the nearest whole.
