Projected Population Growth of Springfield, USA
What is the projected population of Springfield, USA 5 years from now?
Choose 1 answer:
A. 9,900 people
B. 11,150 people
C. 10,500 people
D. 12,000 people
Answer:
The town of Springfield, USA is projected to have a population of approximately 11,150 people 5 years from now.
To calculate the projected population of Springfield, USA 5 years from now, we can use the formula for exponential growth:
P = P0 * (1 + r)^t
Where:
P is the projected population
P0 is the initial population
r is the growth rate as a decimal
t is the number of years
In this case, the initial population of Springfield (P0) is 9,900 people and the growth rate (r) is 2.3% or 0.023 as a decimal. We want to find the population 5 years from now, so t = 5.
Substituting these values into the formula:
P = 9,900 * (1 + 0.023)^5
Calculating the expression:
P = 9,900 * 1.1255
P ≈ 11,150
Therefore, the town of Springfield, USA is projected to have a population of approximately 11,150 people 5 years from now.