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28 November, 15:11

In 2015 a population of a small town in Florida is 95. If the population increases by 15% every year, approximately how many people will there be in 2023

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  1. 28 November, 15:34
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    This is exponential growth at a rate of 15% per year. Initially the population is 95. After t years, the population will be 95 (1.15) ^t. Note that 2023 is 8 years past 2015. The poulation in that year will be 95 (1.15) ^8, or 291 (rounded up to the nearest integer).
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