Question

13.
a town counts its population every 10 years and uses the change in
population to determine the town's growth rate. the equation y =
53,000(1.06) can be used to estimate the town's population d decades after
the year 2000.
a.
what will be the approximate population in 2030?

Answer 1

The approximate population of the town in 2030, using the future value factor, is 304,400.

How is the 2030 population estimated?

The future value or the 2030 population of the town in 2030, given its growth rate of 1.06 can be determined by multiplying the future value compounded growth rate (5.743) by the 2000 population of 53,000.

Data and Calculations:

Present population in 2000 = 53,000

Rate of population growth = 1.06 or 6% annually

Period of growth of the population = 30 years (2030 - 2000)

Future value factor of 6% in 30 years = 5.743

Future population of the town = 304,379 (53,000 x 5.743)

304,379 ≈ 304,400 people

Thus, the approximate population of the town in 2030 is 304,400.

Learn more about the future population at https://brainly.com/question/26045900 and https://brainly.com/question/20115298

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