A community has a population of 25000 which increases by 15% every year. What will be the population of the community after 6 years?
An increase of 15% as a decimal is given by
So, we have to multiply by 1.15, then multiply the result by 1.15 and so on until we get to 6 years. For example, for 3 years it would be
Luckily, we can group the 1.15s together, like so: