Question

The population of Jacksonville in 2018 is estimated to be 19,000 people with an annual rate of increase of 3.4%. Which equation models the population of Jacksonville in t years?

Answer 1

D

Explanation:

USATESTPREP

Answer 2

`P=19,000(1.034)^(t)`

Explanation:

Let

P-------> the population of Jacksonville

t----> the number of years since 2018

we know that

The equation that models the population of Jacksonville in t years is

`P=19,000(1+r)^(t)`

we have

`r=3.4\%=3.4/100=0.034`

substitute

`P=19,000(1+0.034)^(t)`

`P=19,000(1.034)^(t)`