Growth: use the general formula to find the population of 1,000 people after 5 years with an increasing at rate of 5% each year.

Hi there!

As you mentioned in the question -- growth:


We plug in the data from the question into the formula to find our answer.

p = initial value = 1,000 people
r = increasing rate = 5% = 0.05
(We've found this number by dividing by 100)
n = amount of years = 5
a = outcome


Therefore the population consists of 1276 people after 5 years.
~ Hope this helps you!