Solve the problem.
-A town has a population of 1000 people and is increasing by $9 \%$ every year. What will the population be at the end of 11 years?
A) 2813
B) 1990
C) 2367
D) 2580

Question

Quizplus · Accepted Answer

The population after 11 years can be calculated using the formula for compound interest: $ P = P_0 (1 + r)^t $, where $ P_0 = 1000 $, $ r = 0.09 $, and $ t = 11 $. Plugging in these values, $ P = 1000 \times (1.09)^{11} \approx 2580 $.

Solve the Problem 9%9 \%9% Every Year

Solve the Problem $9 \%$ Every Year