a town’s population increases by 5% annually. if the population is 10,000 today, what will it be next year…

a town’s population increases by 5% annually. if the population is 10,000 today, what will it be next year? \n a. 10,500 \n b. 10,100 \n c. 11,000 \n d. 10,050

a town’s population increases by 5% annually. if the population is 10,000 today, what will it be next year? \n a. 10,500 \n b. 10,100 \n c. 11,000 \n d. 10,050

Answer

Explanation:

Step1: Calculate the increase amount

The increase rate is 5%, so we find 5% of 10,000. The formula for percentage increase is $\text{Increase} = \text{Original Amount} \times \text{Rate}$. So, $10000 \times 0.05 = 500$.

Step2: Find the population next year

Add the increase to the original population: $10000 + 500 = 10500$.

Answer:

a. 10,500