Algebra-1

To find the population of the town after 10 years with a 2% annual growth rate, we use the compound growth formula:

where:

 is the future population we want to find.

 is the initial population, which is .

 is the growth rate per year as a decimal. For a 2% growth rate, .

 is the number of years, which is .

Substitute the values into the formula:

Click "Show Answer" to reveal the answer and analysis