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25 June, 13:00

A town's population is 50,000 in 2018. The population has been growing at a rate of 3.7% each year. What is the estimated population of 2025? Round to the nearest whole number.

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  1. 25 June, 13:02
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    The formula for exponential growth is: Total = Starting value (1 + rate) ^time

    2018 to 2025 is 7 years:

    Total = 50,000 (1+0.037) ^7

    Total = 50,000 (1.037) ^7

    Total = 64,479
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