A large city is growing by at rate of 0.8% annually. If there were 3,390,000 residents of the city in 1992, predict how many will be living in the city in 1997?

Question

4458 views around the world

You can reuse this answer
Creative Commons License

Answer 1 · 2016-07-15T13:52:15

4981022

so the population increase in year one is
# p_1 = p_0*1.08#
then in year two
# p_2 = p1*1.08# or #(p_0*1.08)*1.08#

continuing the pattern

# p_n = p_0*1.08^n#

now plugging in and solving

# p_0 = 3390000, n =1997-1992=5#

# p_5 = 3390000*1.08^5#

# p_5 ~~ 4981022#