Growth rate is the percentage change of the variables in the specific time span. The population of the town after the 13 years will be 23039.
Given information
The current population of the town is 13,000.
The growth rate of the town is 4.5 percent every year.
Growth rate is the percentage change of the variables in the specific time span.
The population after the 13 year with growth rate 4.5 percent can be calculated with the following formula,
[tex]P=13000\times\left (1+\dfrac{4.5}{100} \right )^{13}\\ P=13000\times\left (\dfrac{104.5}{100} \right )^{13}\\ P=13000\times\left (1.045 \right )^{13}\\ P=23038.55[/tex]
Thus the population of the town after the 13 years will be 23039.
Learn more about the growth rate here;
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