a town in the us has a population of 24300. its population is increasing at a rate of 0.7%.\ndetermine the…

a town in the us has a population of 24300. its population is increasing at a rate of 0.7%.\ndetermine the population after 11 years.\nround your answer to an actual person.\nnot there yet, keep working

a town in the us has a population of 24300. its population is increasing at a rate of 0.7%.\ndetermine the population after 11 years.\nround your answer to an actual person.\nnot there yet, keep working

Answer

Answer:

26000

Explanation:

Step1: Recall compound growth formula

$P(t) = P_0(1 + r)^t$

Step2: Define given values

$P_0=24300$, $r=0.007$, $t=11$

Step3: Substitute values into formula

$P(11) = 24300(1 + 0.007)^{11}$

Step4: Calculate growth factor

$(1.007)^{11} \approx 1.0787$

Step5: Compute final population

$24300 \times 1.0787 \approx 26212$

Step6: Round to whole person

$\text{Round}(26212) = 26212$

Note: If rounding to two significant figures as implied by the rate's precision, it would be 26000; standard rounding to nearest whole person is 26212. The most precise whole-person answer is 26212.