Question

A City’s population starts at 100,000 people and grows at 3% per year for 7 years. In the general exponential equation, what is r

Answer 1

Step-by-step explanation:

Remember that in the exponential growth and decay form r is the rate of growth or decay. Thus, notice that according to the problem, the population grows at 3% per year.

Then, we can conclude that the correct answer is:

Answer:

0.03