Ryan invests a sum of money in a savings account with a fixed annual interest rate of 4.31% compounded 12 times per year. After
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The population is increasing every year. so we use exponential growth function
Where 'a' is the initial population
r is the rate of increase
x is the years
y is the final population
In 2015, the population of a small town in Florida is 95
Initial population a= 95
r= 15%= 0.15
x = 2023 - 2015 = 8 years
Plug in all the values and find out y
y = 290.607
The population in 2023 is 291