Answer: 254,263 people
Step-by-step explanation:
The current population of the town is 190,000.
This population is going to increase by 6% every year for 5 years.
In 5 years therefore, the population of the town is expected to be:
You should use the compound interest formula:
= Initial population * ( 1 + rate of increase) ^ number of years
= 190,000 * (1 + 6%)⁵
= 190,000 * 1.3382255776
= 254,262.859744
= 254,263 people
