1. **State the problem:** We want to estimate the number of chickens on a farm after 15 years, given an initial population of 20,000 and an annual increase of 3.6% using simple interest.
2. **Formula used:** Simple interest growth can be modeled as $$A = P(1 + rt)$$ where:
- $A$ is the amount after time $t$
- $P$ is the principal or initial amount
- $r$ is the rate of increase per year (in decimal form)
- $t$ is the time in years
3. **Convert the percentage rate to decimal:**
$$r = 3.6\% = 0.036$$
4. **Plug in the values:**
$$P = 20000, \quad r = 0.036, \quad t = 15$$
5. **Calculate:**
$$A = 20000(1 + 0.036 \times 15) = 20000(1 + 0.54) = 20000 \times 1.54 = 30800$$
6. **Interpretation:** After 15 years, the estimated number of chickens on the farm is **30,800**.
Chicken Population Ea6Fc9
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