# If a town having a population 5000 in 1971 has a 20 percent increase every 5 years, what is its expected population in the year 2001?

Nov 8, 2015

Use exponential growth formula.

#### Explanation:

$5000 {\left(1.20\right)}^{\frac{2001 - 1971}{5}} = 14 , 930$

hope that helped