Answer :
Answer:
2280 people
Explanation:
Firstly, you will divide 2000 with 100 to get the value for 1%
2000 : 100 = 20
Then, multiply the value of 20 with 98,6% (because 100 - 1,4 = 98,6)
20 x 98,6 = 1972
After that, subtract the value of 1972 from 2000
2000 - 1972 = 28
Because we need the population after 10 years, now multiply the value of the 1,4% of the population by 10
28 x 10 = 280
Add the current population of 280 and you will get the estimated population after 10 years.
2000 + 280 = 2280
After 10 years, the population of town would be 2298 with growth rate of 1.4% annually.
What is population?
An entire set of people is referred to as a population, regardless of whether that set includes an entire country or just a number of people who share a certain trait.
In statistics, the group of people from which a statistical sample is taken for a study is referred to as a population. So, a population can be defined as any group of people who have something in common. In addition to a population as a whole, a sample can also be defined as a statistically significant subset of a population.
The approximate standard deviation, or standard error, of the results from the entire population must be reported in a statistical analysis of a sample for this reason. Standard error would not exist except in analyses of entire populations.
To find the answer we will use the compound formula
A = P(1 +r)ⁿ
Where,
A = final population
P = current population
r = rate of growth
n = no. of years
Substituting the values to the formula we get
A = 2000(1 +0.014)¹⁰
A = 2298
Thus, After 10 years the population of town would be 2298 with growth rate of 1.4% annually.
Learn more about population
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