Question

The population of Nowhere, USA was estimated to be 220,600 in 2003, with an expected increase of 7.1% per year. At the percent of increase given, what was the expected population in 2004? Round your answer to the nearest whole number.

Answer 1

Answer:

236,607

Step-by-step explanation:

To calculate the expected population in 2004, we can use the formula for exponential growth:

Pt​=P0​×(1+r)^t

Pt = population at the time

P0 = initial population

r = growth rate as a decimal

t = time in years

P2004 = 220600 x (1+0.071)^1

P 2004 = 232,606.6

That rounds up to 236,607 people.