Answer:
![D(t)=394,267(1.003)^(12t)](https://img.qammunity.org/2021/formulas/mathematics/high-school/wik3ys0z53qahi4x4nzona2ryn5f0ksvpw.png)
Explanation:
The complete question in the attached figure
we have
![D(t)=394,267(1.032)^t](https://img.qammunity.org/2021/formulas/mathematics/high-school/fqmuav3kqeew3iyqnpy3oyxe8gtrkt06wq.png)
This is a exponential growth function
where
P(t) is the population
t is the number of years
The initial value is 394,267 people
The factor growth is 1.032
To find out the monthly rate of growth, rewrite the expression
Remember that one year is equal to 12 months
![D(t)=394,267(1.032)^{(t*(12)/(12))}](https://img.qammunity.org/2021/formulas/mathematics/high-school/fmyi5er5g9jj546m3hxs62fzvfy5mudrvm.png)
![D(t)=394,267[(1.032)^{((1)/(12))}]^(12t)](https://img.qammunity.org/2021/formulas/mathematics/high-school/rpybcqx7rqajj5h99wqcq3i8z6nk23waoh.png)
![D(t)=394,267(1.003)^(12t)](https://img.qammunity.org/2021/formulas/mathematics/high-school/wik3ys0z53qahi4x4nzona2ryn5f0ksvpw.png)