The town of Serenity Valley has a population of 48,314. If it grows at a rate of 3.5% for 32 years what will the population be? (answer to the nearest whole number)
The population after a number of years is given by :
Beginning population* (1 + percentage growth rate expressed as a decimal)^(no. of years) =
48314 ( 1 + .035)^32 = 145266 people after 32 years
