A city has a population of 240,000 people. Suppose that each year the population grows by 8%. What w

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A city has a population of 240,000 people. Suppose that each year the population grows by 8%. What will the population be after 5 years?

Set up our population function
P(t) = 240,000(1 + t)^n where t is population growth rate percent and n is the time in years

Evaluate at t = 0.08 and n = 5
P(5) = 240,000(1 + 0.08)^5
P(5) = 240,000(1.08)^5
P(5) = 240,000 * 1.4693280768
P(5) = 352638.73 ~ 352,639