If a population with an initial number of 8,484 increased 2.50% yearly, what would be it's population after 12 years?
Present Population =8,484
Future Population =?
FP =PP x (1 + i)^N
FP =8,484 x 1.025^12
FP =8,484 x 1.344889.......
FP =11,410 Projected population of the town in 12 years.