Projected Population Growth of Springfield, USA

What is the projected population of Springfield, USA 5 years from now?

Choose 1 answer:

A. 9,900 people

B. 11,150 people

C. 10,500 people

D. 12,000 people

Answer:

The town of Springfield, USA is projected to have a population of approximately 11,150 people 5 years from now.

To calculate the projected population of Springfield, USA 5 years from now, we can use the formula for exponential growth:

P = P0 * (1 + r)^t

Where:

P is the projected population

P0 is the initial population

r is the growth rate as a decimal

t is the number of years

In this case, the initial population of Springfield (P0) is 9,900 people and the growth rate (r) is 2.3% or 0.023 as a decimal. We want to find the population 5 years from now, so t = 5.

Substituting these values into the formula:

P = 9,900 * (1 + 0.023)^5

Calculating the expression:

P = 9,900 * 1.1255

P ≈ 11,150

Therefore, the town of Springfield, USA is projected to have a population of approximately 11,150 people 5 years from now.