Answer:
Population will be approx 1606300.
Step-by-step explanation:
Given that a city’s population is about 763,000 and is increasing at an annual rate of 1.5%. Now we need to predict the population of the city in 50 years.
We can use growth formula
[tex]A=P\left(1+r\right)^t[/tex]
Where P=763000
rate r=1.5% = 0.015
time t = 50 years
Plug these values into above formula
[tex]A=763000\left(1+0.015\right)^{50}[/tex]
[tex]A=763000\left(1.015\right)^{50}[/tex]
[tex]A=763000\left(2.10524242061\right)[/tex]
[tex]A=1606299.96692[/tex]
Hence population will be approx 1606300.
