The population increases by 13% annually. If the current population is 43,000, what will it be after 3 years? (in approx.)
Show answer & explanation
Correct answer: D
Explanation
Current population = 43000
Growth rate = 13%
time = 3 years
Future Population = P(1 + R/100)³
= 43000 × (1.13)³
= 43000 × 1.4429
=62047