The population of a city is 490,000 and is increasing at a rate of 2.75% each year. Approximately when

will the population reach 980,000?

The population will reach 980,000 in years.

Respuesta :

Answer:

The population will reach 980,000 in 26 years approximately.

Step-by-step explanation:

Initial Population of city = 490000

Rate of increase in population = 2.75%

We are supposed to find Approximately when  will the population reach 980,000

Formula : [tex]N(t)=N_0(1+r)^t[/tex]

N(t)= population after t years

[tex]N_0=[/tex] Initial population

t - time

r = rate of interest in decimals

So,[tex]980000=490000(1+\frac{2.75}{100})^t[/tex]

t=25.55

So, the population will reach 980,000 in 26 years approximately.