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Sagot :
We would apply the formula for exponential growth which is expressed as
A = P(1 + r)^t
where
A is the population after t years
P is the initial population
r is the interest rate
t is the number of years
From the information given,
P = 320000
r = 4.75% = 4.75/100 = 0.0475
t = 15
By substituting the values into the formula, we have
A = 320000(1 + 0.0475)^15
A = 320000(1.0475)^15
A = 641890
The population after 15 years is 641890
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