Answer:
15,267
Step-by-step explanation:
To solve this problem, lets use the exponential growth formula which is:[tex]A = P(1+r)^t[/tex]
A = total amount
P = original amount
r = growth rate (decimal)
t = years
Before we plug in the values, don't forget to change 3.5% to its decimal form.
3.5% -> [tex]\frac{3.5}{100}[/tex] -> 0.035
Lets plug in the values:
[tex]A=12,000(1+0.035)^7[/tex]
[tex]A=15,267[/tex]
The population after 7 years will be 15,267.
