Question

After years of maintaining steady population of 32,000 the population of town begins to grow exponentially. After 1 year and an increase of 8% per year, the population is 34,560. Which equations can be used to predict y the number of people living in town after x years (Round population values to the nearest whole number)

Answer 1

Answer: y = 32,000(1.08)^c

Step-by-step explanation:

Given that the initial population

P = 32000

t = 1 year

R = 8%

Y = 34,560

To predict y the number of people living in town after x years

t = x

Y = P(1 + 8%)^t

Y = 32000( 1.08)^x