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Answer :
Final answer:
To predict the population of Austin, Texas, in 2025, we can use compound interest formula with the given growth rate of 2.9% per year.
Explanation:
To determine the predicted population for 2025, we need to use the growth rate of 2.9% per year. We can apply the formula for compound interest, where the initial population is $913,917 and the time period is 2025-2016 = 9 years:
Population in 2025 = 913,917 * (1 + 0.029)^9 = 1,089,777.6 ≈ 1,089,778
Learn more about Population growth and compound interest here:
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