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The population of a town was 4,512 in 2015 and grows continuously at annually rate of 2.25%. What is the town's projected population in 2030?
A. 6,034
B. 6,136
C. 6,323
D. 6,467

Respuesta :

facundobuzzetti

Answer:

FV= 6,300

Step-by-step explanation:

Giving the following information:

Present Value (PV)= 4,512

Number of years (n)= 15 years

Growth rate (i)= 2.25% per year

To calculate the population in 2030, we need to use the following formula:

FV= PV*(1+i)^n

FV= future value

FV= 4,512*(1.0225^15)

FV= 6,300

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