I bought a new hat for $32. What would be 5% sales tax?
2 answers:
You might be interested in
Answer:
Step-by-step explanation:
This scenario can be modeled using an exponential growth equation.
The exponential growth equations have the following form:
Where P is the population in year t
p is the initial population at t = 0
r is the growth rate
t is the time in years.
In this case we know that the current population is 13,000 and that the growth rate is 11%
So
The equation that models this scenario is: