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The population in 2020 will be 57657.5 approximately
<u>Explanation:</u>
Given:
Population in 2014, P = 62,500
Rate of decrease, r = 1.6%
Population in 2020, Q = ?
Number of years between 2014 to 2020 = 5 years
Population in 2020 =
Substituting the value we get:
Therefore, the population in 2020 will be 57657.5 approximately