The town will have a population of 20683 after 5 years
Explanations:Let the initial population be P₀
P₀ = 17000
Growth rate, R = 4% = 4/100 = 0.04
Time, T = 5
The population after 5 years will be given by the formula:
[tex]\begin{gathered} P=P_0(1+R)^T \\ P\text{ = 17000(1 + 0.04})^5 \\ P=17000(1.04)^5 \\ P\text{ = }20683.09 \\ P\text{ = 20683 (to the nearest whole number)} \end{gathered}[/tex]The town will have a population of 20683 after 5 years
