Answer:
![y=20000(1.04)^n](https://img.qammunity.org/2019/formulas/mathematics/middle-school/1j4b68zzd86ob3apjbz0xt7jst702mspjx.png)
Explanation:
This will be an exponential growth equation, of the form
,
where a represents the initial population, r represents the rate of growth per year, and x represents the number of years.
The initial population is 20,000. This goes in place of a.
The rate of growth is 4%. 4% = 4/100 = 0.04; this goes in place of r.
We are using n to represent years instead of x.
This gives us
![y=20000(1+0.04)^n](https://img.qammunity.org/2019/formulas/mathematics/middle-school/dfmoa6muinuv36bi3qd69kpn150oh0jq2y.png)
Adding in parentheses gives us
![y=20000(1.04)^n](https://img.qammunity.org/2019/formulas/mathematics/middle-school/1j4b68zzd86ob3apjbz0xt7jst702mspjx.png)