A city has a population of
240,000
people. Suppose that each year the population grows by
8%
. What will the population be after
10
years?
Use the calculator provided and round your answer to the nearest whole number.

Question

A city has a population of 
240,000
 people. Suppose that each year the population grows by 
8%
. What will the population be after 
10
 years?
Use the calculator provided and round your answer to the nearest whole number.

faiqraees · Answer

Each year the increase in population is 8/100 * X
So after ten years the total increase is?

faiqraees · Answer

Another way to solve is the percentage increase in the first year is 8%
After ten years the percentage increase will be 8*10%
The total population will then be

mathmale · Answer

If at all possible, please review the problems we worked on earlier today.  It's really important that y ou transfer what you learned from them to new situations, such as this one.

wolf1728 · Answer

This is an exponential growth problem and is solved by using this formula:
Ending Amount = Beg Amt * (1 + rate)^years
Ending Amount = 240,000 * (1.08)^10
Calculate that and you have your answer.