A town has a population of 6000 and grows at 3.5% every year. To the nearest year, how long will it be until the population will
reach 7100?
1 answer:
Answer:
5 years.
Step-by-step explanation:
Every year the population increases by a factor 103.5% or 1.035.
The equation relating population and time in years is:
P = 6000(1.035)^t (This is an example of exponential growth)
So we have:
7100 = 6000(1.035)^t
(1.035)^t = 7100/6000
(1.035)^t = 1.1833
t ln 1.035 = ln 1.1833
t = ln 1.1833/ln 1.035
= 4.89.
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