Answer:
6580 approx
Step-by-step explanation:
Given data
Population= 5000
Rate= 4%
Time = 7years
We are going to apply the compound interest formula
A=P(1+r)^t
substitute
A= 5000(1+0.04)^7
A= 5000(1.04)^7
A=5000*1.3159
A= 6579.5
Hence the population after 7 years is 6580 approx
