Answer: B)y= 2,700*1.04^x; about 4,323 people.
Explanation:
Hi, to answer this question we have to analyze the information given:
- Initial population (a): 2,700
- Growth rate(r): 0.04 per year (decimal form, 4/100=0.04)
We have to apply the formula:
y (x) = a(1 +r)∧x
Where
x= years
Replacing with the values given:
y(x) = 2,700 ( 1 + 0.04)∧x
y(x) = 2,700 ( 1 .04)∧x
For 12 years, we replace "x" for 12.
y (12) = 2,700 ( 1 .04)∧12
y (12) = 2,700 ( 1.6010)
y (12) = 4,323 people
So, the correct option is B)y= 2,700*1.04^x; about 4,323 people.