In 2015, the population of a small town in Florida is 95. If the population increases 15% every year, approximately what will the population be in 2023?
1 Answer
Apr 25, 2018
Explanation:
There is a
The population starts at
After the first year (2016) it will be
After the second year (2017) it will be
After the third year (2018) it will be
etc...
This is a rather simple recurrence relation meaning that we can write it as
Now obviously we cannot have fractions of people so it would make sense to round it to an integer.