A population of 130,000 grows 4% per year for 16 years. How much will the population be after 16 years?

Let's consider the scenario after each year:

After the zeroth year, the population is: 120 000(1 + 0.04)⁰

After the first year, the population is: 120 000(1 + 0.04)¹

After the second year, the population is: 120 000(1 + 0.04)²

...

Thus, we can find the general rule:

After the nth year, the population is: 120 000(1 + 0.04)ⁿ

And after the 16th year, the population is 120 000(1 + 0.04)¹⁶ = 224 758 (rounded to nearest whole number)

step-by-step explanation:

the multiplicative inverse of a fraction a/b is b/a. for the multiplicative inverse of a real number, divide 1 by the number. for example, the reciprocal of 5 is one fifth 1/5 or 0.2, and the reciprocal of 0.25 is 1 divided by 0.25, or 4.

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