{Answer:
3893 residents.
Step-by-step explanation:
Equation for population growth:
The equation for the size of a population, considering that it doubles every n years, is given by:
[tex]A(t) = A(0)(3)^{(\frac{t}{n})}[/tex]
In which A(0) is the initial population.
The current population of a small town is 2463 people. It is believed that town's population is tripling every 12 years.
This means that [tex]A(0) = 2463, n = 12[/tex]. So
[tex]A(t) = A(0)(3)^{(\frac{t}{n})}[/tex]
[tex]A(t) = 2463(3)^{(\frac{t}{12})}[/tex]
Approximate the population of the town 5 years from now.
This is A(5). So
[tex]A(t) = 2463(3)^{(\frac{t}{12})}[/tex]
[tex]A(5) = 2463(3)^{(\frac{5}{12})} = 3892.8[/tex]
Rounding to the nearest whole number, 3893 residents.
