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P2= P1(1 + r)n Population of Jackson, Mississippi is 173,630. Population growth rate of Mississippi is...

P2= P1(1 + r)n

Population of Jackson, Mississippi is 173,630. Population growth rate of Mississippi is 4.91%. How many years it would take when the population of Jackson would be 250,000?

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Answer #1

We are given the following equation:

Also

  • P1 = 173630
  • P2 = 250000
  • r = 4.91%

We need to find n

Hence it will take 7.6051 years.

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