The population of the town after 5 years will be 147089 (approx).
Step-by-step explanation:
The exponential growth equation is given by :-
f(x)=A(1+r)^x...(*)
, where A = initial population , r= rate of growth ( in decimal) and x is time.
As per given , we have
A= 13000
r=2.5%=0.025
x= 5 years
Using (*), the population of the town after 5 years would be :
f(5)=13000(1+0.025)^5=13000(1.025)^5\\\\=13000(1.13140821289)=14708.306767614708.3067676\approx147089
Hence, the population of the town after 5 years will be 147089 (approx).
