Question

A city has a population of 270,000 people. Suppose that each year the population grows by 4% what will the population be after five years? Round to the nearest whole number

Answer 1

I'm going to shorten to 270 (thousand) instead of keeping all the zeros.

P = 270(1.04)^5
P = 270(1.27628)
P = 344.596
population in 5 yrs will be 344,596