Answer:
After 10 years, the population of the town will be of 5905.
After 50 years, the population of the town will be of 11487.
Step-by-step explanation:
The population of the town after x years is given by the following equation:
[tex]P(x) = 5000(1.181)^{0.1x}[/tex]
After 10 years, the population of the town will be of:
This is P(10). So
[tex]P(10) = 5000(1.181)^{0.1*10} = 5000(1.181)^1 = 5905[/tex]
After 10 years, the population of the town will be of 5905.
After 50 years, the population of the town will be of:
This is P(50). So
[tex]P(50) = 5000(1.181)^{0.1*50} = 5000(1.181)^5 = 11487[/tex]
After 50 years, the population of the town will be of 11487.
