Suppose that Perth,Australia,currently has a population of 1.5 million people.It has been one of the fastest growing cities in the nation,growing by an average of 4% per year for the last five years.If this city's population continues to grow at 4% per year,what will the population be 10 years from now?
A)1,560,000
B)2,220,366
C)2,100,000
D)1,824,979

Question

Quizplus · Accepted Answer

To calculate the population after 10 years, we can use the formula:
Population after n years = Initial population x (1 + growth rate)^n
Here, n = 10 years, initial population = 1.5 million, and growth rate = 4%
Plugging these values into the formula, we get:
Population after 10 years = 1.5 million x (1 + 0.04)^10
= 1.5 million x 1.48024
= 2,220,366 (rounded to the nearest whole number)
Therefore, the population of Perth, Australia will be approximately 2,220,366 after 10 years if the current growth rate of 4% continues. The answer is option B.

Suppose That Perth,Australia,currently Has a Population of 1