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Vladimir79 [104]
3 years ago
14

Twenty years ago a small town in Texas had a population of 10,000. The population has increased 8% each year since then. What is

the growth factor that would be used to solve this problem? a. The growth factor would be 8 b. The growth factor would be 0.08 c. The growth factor would be 1.08 d. The growth factor would be 0.92
Mathematics
2 answers:
Levart [38]3 years ago
8 0
The growth factor would be 1.08
In-s [12.5K]3 years ago
8 0

Answer:      c. The growth factor would be 1.08  .

Step-by-step explanation:

The exponential growth model is given by :-

f(x)=A(1+r)^n, where A is the initial value, r is the rate of growth and n is the time period.

Also, the growth factor = 1+r

Given: The rate of increase of population = 8%=0.08

Now, the growth factor = 1+0.08=1.08

Therefore, the growth factor would be 1.08.

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