At the growth rate of
, the population of the town after 4 years can be represented by the equation,
.
<h3>What is the formula for the population?</h3>
- The growth rate of a population is a measure of how fast a population increases.
- If the initial population is
and the growth rate is
every year, then the population after
years will be given by the following formula:
.
Here, the initial population is
and the growth rate is
.
So the population after
years will be:
![A=P(1+\frac{r}{100})^t\\\Longrightarrow A=1.23\times 10\times(1+\frac{6.7}{100})^4\\\Longrightarrow A=1.23\times 10\times(1.067)^4](https://tex.z-dn.net/?f=A%3DP%281%2B%5Cfrac%7Br%7D%7B100%7D%29%5Et%5C%5C%5CLongrightarrow%20A%3D1.23%5Ctimes%2010%5Ctimes%281%2B%5Cfrac%7B6.7%7D%7B100%7D%29%5E4%5C%5C%5CLongrightarrow%20A%3D1.23%5Ctimes%2010%5Ctimes%281.067%29%5E4)
Therefore, at the growth rate of
, the population of the town after 4 years can be represented by the equation,
.
To know more about the growth rate, refer: brainly.com/question/25849702
#SPJ9