Given: The population of a town in 2015 = 8914
The growth rate of population per year = 1.36%
The exponential growth function is given by:_
, where A is the initial amount and r is the rate of growth of amount in x years.
Consider 2015 as the initial year, then for 2040, x=25 [2040-2015]
Now, At this rate, the population in 2040 will be given by :-