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A city's population is increasing at a rate of 2% per year.

If this rate of growth remains the same and the population is 2 million in the year 2014, approximately how many people will there be after 20 years?

a.)
2.02 million

b.)
2.88 million

c.)
2.14 million

d.)
2.97 million


Sagot :

Based on the information the number of people that will there after 20 years is: d.)  2.97 million.

Using this formula

P(t) = Population ×(1+ rate)^t

Where:

Population=2 million

rate=2%

time=20 years

Let plug in the formula

P(t) = 2×(1+.02)^20

P(t) = 2×(1.02)^20

P(t) = 2×1.485947

P(t) = 2.97 million

Inconclusion the number of people that will there after 20 years is: d.)  2.97 million.

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