This question is based on the concept of amount of interest. Therefore, 22,234 would be the population after 11 years, to the nearest whole number. Given: A town has a population of 13000 and grows at 5% every year. We need to determined the population after 11 years, to the nearest whole number. We know that, Formula =A = P(1+ r) Where, p be the population. r is the rate and t is the time. P= 13000, r= 5% †= 11 Now put all these values in formula. We get, 5 A = 13000(1 + A = 13000(1 + 0.05)11 A = 1300022, 234.41(0.95)
