A town has a population of 25,000 and grows at 7.7% every 4 months. What will be the population afte

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A town has a population of 25,000 and grows at 7.7% every 4 months. What will be the population after 6 years?

• 1 year = 12 months
• 12 months / 4 months = 3 compounding periods per year
• 3 compounding periods per year * 6 years = 18 compounding periods

So we have our population growth as follows:
25,000(1.077)^18
25,000 * 3.8008668804
95,021.67 ~ 95,021