silemus.

34Exponential growth, 5% a year

A town of 2,000 people grows by 5% a year. Find its population after 10 years, to the nearest whole person.

After 10 years the town has about 3258 people. Each year multiplies the population by 1.05, so after 10 years it's 2000×(1.05)¹⁰ ≈ 2000×1.6289 ≈ 3258, rounded to the nearest person.

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