A city has a population of 380,000 people. Suppose that each year the population grows by 3%. What will the population be after 13 years?

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21-02-2024
Mathematics

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A city has a population of 380,000 people. Suppose that each year the population grows by 3%. What will the population be after 13 years?

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AkariMendoza AkariMendoza · Answer 1 · 2024-02-21T06:28:29+01:00

Answer:

To calculate the population of a city after 13 years with a 3% annual growth rate, you can follow these steps:

1. Calculate the annual population growth:

- Multiply the current population by 3% (or 0.03) to find the increase in population each year.

2. Calculate the new population each year:

- Add the annual growth to the current population to find the population for each successive year.

3. Iterate this process for 13 years:

- Use the population calculated for each year as the base population for the next year's calculation.

4. Find the population after 13 years:

- After repeating the calculation for 13 years, you will determine the population of the city at the end of the 13-year period.

By following these steps and compounding the population growth annually, you can determine the projected population of the city after 13 years with a 3% annual growth rate.

Step-by-step explanation:

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