1. **State the problem:** A town has a population of 7000 and grows at 4% every year. We need to find the population after 13 years, rounded to the nearest whole number.
2. **Formula used:** The population growth can be modeled by the exponential growth formula:
$$P = P_0 (1 + r)^t$$
where:
- $P$ is the population after time $t$
- $P_0$ is the initial population
- $r$ is the growth rate (as a decimal)
- $t$ is the time in years
3. **Identify values:**
- $P_0 = 7000$
- $r = 0.04$ (4% growth rate)
- $t = 13$
4. **Calculate:**
$$P = 7000 (1 + 0.04)^{13} = 7000 (1.04)^{13}$$
5. **Evaluate the power:**
$$ (1.04)^{13} \approx 1.04^{13} = 1.04 \times 1.04 \times \cdots \times 1.04 \approx 1.6658$$
6. **Multiply:**
$$P = 7000 \times 1.6658 = 11660.6$$
7. **Round to nearest whole number:**
$$P \approx 11661$$
**Final answer:** The population after 13 years will be approximately **11661**.
Population Growth 227Ecb
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