The function Plt) =5,000(1.015)' represents the population of the city of Springfield, where t is time in years since 2010. What does the value of P(7) mean in
terms of this context?
Springfield has a population of 5,549 people in 2007.
Springfield has a population of 5,549 people in 2017.
Springfield has a population of 35,525 people in 2007
Springfield has a population of 35,525 people in 2017.