When Anna was born 16 years ago, her small town of Lewisville had a population of 15,000. The population has increased 11% each year since then. What is the current population of this town?
Answer
A
The population of this town is approximately 68,925
B
The population of this town is approximately 79,663
C
The population of this town is approximately 17,324
D
The population of this town is approximately 240,000
Explanation
Because the population increases by 11% each year, multiply by 1.11 for each of the 16 years: 15,000 × (1.11)^16 ≈ 79,663. The current population is approximately 79,663, which is choice B.
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