The population of Flatland is increasing by 7% each year. The initial population is 312,000. We need to complete the table for the population for years 1, 2, and 3.

Applied MathematicsExponential GrowthPopulation ModelingPercentage Increase
2025/4/9

1. Problem Description

The population of Flatland is increasing by 7% each year. The initial population is 312,
0
0

0. We need to complete the table for the population for years 1, 2, and

3.

2. Solution Steps

The population at year nn can be calculated using the formula:
Population(n)=Population(0)(1+rate)nPopulation(n) = Population(0) * (1 + rate)^n
where Population(0)Population(0) is the initial population, raterate is the growth rate, and nn is the number of years.
In this case, Population(0)=312000Population(0) = 312000 and rate=0.07rate = 0.07.
Year 1:
Population(1)=312000(1+0.07)1Population(1) = 312000 * (1 + 0.07)^1
Population(1)=3120001.07Population(1) = 312000 * 1.07
Population(1)=333840Population(1) = 333840
Year 2:
Population(2)=312000(1+0.07)2Population(2) = 312000 * (1 + 0.07)^2
Population(2)=312000(1.07)2Population(2) = 312000 * (1.07)^2
Population(2)=3120001.1449Population(2) = 312000 * 1.1449
Population(2)=357196.8357197Population(2) = 357196.8 \approx 357197
Year 3:
Population(3)=312000(1+0.07)3Population(3) = 312000 * (1 + 0.07)^3
Population(3)=312000(1.07)3Population(3) = 312000 * (1.07)^3
Population(3)=3120001.225043Population(3) = 312000 * 1.225043
Population(3)=382113.496382113Population(3) = 382113.496 \approx 382113

3. Final Answer

Year 1: 333840
Year 2: 357197
Year 3: 382113

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