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the population of a european city increases by 2% annually. If the population was 50,000, what is the expected population after 10 years if this trend continues
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Use the exponential growth formula:\[P(t)=P_0e^{kt}\]Where k is the rate, P_0 is the starting population.
Though I did mange to find this formula a good while before you replied, I was asking if someone could solve it. I am lacking in the necessary tools to do such equations at the moment. Thanks though.
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