Suppose the population of a town is 2,700 and is growing 4% each year. Write and equation to model the population growth. Predict the population after 12 years
Present population =PP
Future population =FP
FP = 2,700 x [ 1 + 4/100]^12
FP = 2,700 x 1.04^12
FP = 2,700 x 1.601032
FP = 4,323 - population of the town in 12 years.
