An exponential decay function is given in the form:
where a is the initial value and b is the growth factor calculated using the formula:
and r is the decay rate.
The question provides the decay rate is 2.2%. Therefore, we have that:
Thus, the growth factor is:
If we take 2016 as the first year, then we have that:
Thus, the function will be:
The population prediction can be gotten by using x as the number of years from 2016 the year in consideration is.
Therefore, for 2022, the number of years will be:
Hence, the population prediction will be:
The SECOND OPTION is correct.