Question

The population of a town increases at the rate of $6\%$ every year. The present population of the town is $14000$. Find the population at the end of $4$ years.

Answer 1

Given: $P=14,000,r=6\%,n=4$ years

We know that,

$A=P{(1+\frac{r}{100})}^n$
$\Rightarrow A=14000{(1+\frac{6}{100})}^4$
$\Rightarrow A=17,673$

Hence, the population of the city after $4$ years will be equal to $17,673.$