Answer:
9,772,219 (Approx)
Step-by-step explanation:
Given:
Current population = 8,851,000
Growth rate = 2% = 0.02
a. Time = t
b. Time = 5 years
Find:
a. Write the equation.
b. Population after 5 year = ?
Computation:
a. Equation for the following question:
After population = [tex]Current\ population(1+r)^n[/tex]
[tex]After\ population =8,851,000(1+0.02)^t\\\\After\ population =8,851,000(1.02)^t[/tex]
b. Population after 5 year
[tex]=8,851,000(1.02)^5\\\\=9,772,219.16[/tex]
