Answer:
257,074 people
Step-by-step explanation:
Growth rate is expressed using the formula
P(t) = Po ( 1 + r) ^t
Where
P(t) = Population after time t
Po = Initial Population = 150,000 people
r = Growth rate
t = time in years = 7
From the Question:
1 + r has been given as 1.08
Hence:
P(t) = P(7) = 150,000(1.08)⁷
P(7) = 257,073.64032 people
Approximately to the nearest whole number is:
257,074 people
Therefore, the number of people that attended the festival in the 7th year is 257,074 people
