Answer:
12981
Step-by-step explanation:
Given that :
Initial number of residents = 12575
Yearly growth rate (r) = 1.6%
Population in 2 years :
Using the relation :
Population in t years P(t) :
P(t) = initial population * (1 + growth rate)^t
t = time
Population in 2 years :
P(2) = 12575 * (1 + 0.016)^2
P(2) = 12575(1.016)^2
= 12575 * 1.032256
= 12980.6192
= 12981
