The population of town a increases by 5% every year. its current population is 700,000. town b, which currently has 550,000 residents, increases by 6.5% each year. if the growth of each town continues to increase at the current rate, what is the difference in the populations of town

The difference in population is 150750

Explanation:

current populations :

Town A = 700000

Town B = 550000

Town A = 5% increase led to 700000

Town B = 6.5% increase led to 550000

therefore original population before increase is

Town A = 700000 - ( 5% of 700000 )

             = 700000 - ( 35000 )

             = 665000

Town B =  550000 - ( 6.5% of 550000 )

             =  550000 - ( 35750 )

             =  514250

hence the difference in population is the difference in original population which is:  665000 - 514250 = 150750

answer; normative economics;