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In 2002, the population of a district was 22,800. With a continuous annual growth rate of approximately 5% what will the population be in 2012 according to the exponential growth function?

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Answer:

37,139

Step-by-step explanation:

Given the following :

Population in 2002 = Initial population (P0) = 22,800

Growth rate (r) = 5% = 0.05

Growth in 2012 using the exponential growth function?

Time or period (t) = 2012 - 2002 = 10years

Exponential growth function:

P(t) = P0 * (1 + r) ^t

Where P(t) = population in t years

P(10) = 22800 * (1 + 0.05)^10

P(10) = 22800 * (1.05)^10

P(10) = 22800 * 1.62889

P(10) = 37138.797

P(10) = 37,139 ( to the nearest whole number)

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