After 5 years of population growth at 25% annually, what will a population be that begins with 176 people?
Md Ariful Islam
বিএসসি(সিএসই)
,
এমবিএ(মার্কেটিং)
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Dr. Md Rushad Rahman
এমবিবিএস(আরপিএমসি)
,
পিজিটি(মেডিসিন)
The exponential growth formula is Final Value = Initial Value (1 + Rate) ^ Time(years). Plugging the given numbers in gives us FV = 176(1+0.25)^5. Continuing to solve this gives FV = 176(1.25)^5 and then FV = 176(3.0518). Finishing solving gives us an answer of about 537. Therefore, after 5 years the population of this town will be about 537 people.
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