Question

I'm 2003, the population of Charlotte, NC was 584,658. According to the U.S. Census Bureau, Charlotte has been growing at the rate of 4.8% annually since 2003.What equation models the population of Charlotte t years after 2003

Answer 1

If a certain place's population is given to be growing at a rate of 4.8% annually, the population after t years from 2003 will become (1.048^t) times the given initial population. This translates to a mathematical equation which is equal to,
                                At = (584,658(1.048^t)