John was born in January. On the first July 4th of his life, his aunt gives him $50 to save for his college education. On every
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Answer:
Step-by-step explanation:
The populational growth is exponential with a factor of 1.12 each year. An exponential function has the following general equation:
Where 'a' is the initial population (25,000 people), 'b' is the growth factor (1.12 per year), 'x' is the time elapsed, in years, and 'y(x)' is the population after 'x' years.
Therefore, the function P(t) that models the population in Madison t years from now is: