Question

A city has a population of 72000 people the population is growing at a rate of 3.4% each year. Which function can be used to find the population 8 years from now?

Answer 1

Answer: A = 72000(1.034)^8

Explanation:

Hi, to answer this question we have to apply an exponential growth function:

A = P (1 + r) t

Where:

p = initial population

r = growing rate (decimal form)

t= years

A = population after t years

Replacing with the values given:

A = 72000 (1+ 3.4/100) ^8

A = 72000(1.034)^8

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