helpppp! The population of a town is 20,000 people in the year 2000. How many people with live in the town in 2016 if the population increas

Question

helpppp! The population of a town is 20,000 people in the year 2000. How many people with live in the town in 2016 if the population increases at a rate of 6% every 2 years? Round your answer to the nearest whole number.

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Eden 6 days 2021-09-12T04:46:03+00:00 1 Answer 0

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    2021-09-12T04:47:54+00:00

    Answer:

    31877 people with live in the town in 2016 if the population increases at a rate of 6% every 2 years

    Step-by-step explanation:

    The formula used will be

    A(t) = P(1+r)^t

    A(t) = Future value

    P = population

    r = rate

    t = time

    P= 20,000

    r =6% or 0.06

    t = 16

    Since population is increased every 2 years, so t = 16/2 = 8

    Putting value:

    A(16) = 20,000(1+0.06)^8

    A(16)= 20,000(1.06)^8

    A(16) = 31876.9 ≈ 31877

    So, 31877 people with live in the town in 2016 if the population increases at a rate of 6% every 2 years

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