The population of a small town is 2,500. The town is growing at a rate of 0.02. What
will the population be in 5 years? Round to the nearest whole number.
2,757

2,761

2,760

2,756

Answer :

Based on the information given the population be in 5 years is 2,760.

Using this formula

Population=P(1+rate)^time

Where:

P=Population=2,500

rate=0.02

time=5 years

Let plug in the formula

Population=2,500(1+0.02)^5

Population=2,500(1.02)^5

Population=2,500(1.10408080)

Population=2,760

Inconclusion  the population be in 5 years is 2,760.

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