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A town has a population of 40,000 that is increasing at a rate of 5% each year. Find the population of the town after 6 years.
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\[40,000\times (1.05)^6\] and a calculator
um, how did you get the number 1.05?
please help
to increase a number by \(5\%\) multiply it by \(100\%+5\%=105\%=1.05\)
to do it six times in a row, multiply it by \(1.05^6\)
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thank you so much!.... :D
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