The population of Lavaland is 30,546. The population is growing at a rate of 2.4% per year.
At this rate, what will the population be in 6 years?

Respuesta :

Growth rate is the rate at which the population increases.

The population after 6 years would be 35217

Given

[tex]a = 30546[/tex] --- the initial population

[tex]r = 2.4\%[/tex] --- the growth rate

The population (P) after 6 years is calculated using:

[tex]P(n) = a(1 + r)^n[/tex]

So, we have:

[tex]P(6) = 30546(1 + 2.4\%)^6[/tex]

[tex]P(6) = 30546(1.024)^6[/tex]

[tex]P(6) = 35217[/tex] ---- approximated

Hence, the population after 6 years would be 35217

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