The population of a town is 50,000 people in the year 2000. how many people with live in the town in 2020 if the population increases at a rate of 3% each year? round your answer to the nearest whole number.

Step-by-step explanation:

The exponential growth function is given by :-

, where A is the initial value ,  r is the rate of growth  and t is the time period.

Given : The population of a town is 50,000 people in the year 2000.

i.e. A = 50,000

Rate r= 3% = 0.03

For year 2020, t= 20

Then , the number of people live in the town in 2020 will be :_

Hence, 90,306 people live in the town in 2020.