Question

1. The population of a town was 5655 in 2010. The population grows at a rate of 1.4% annually.

Answer 1

Answer:

Step-by-step explanation:

a) We would use the formula for exponential growth model which is expressed as

y = b(1 + r)^t

Where

y represents the population after t years.

t represents the number of years.

b represents the initial population.

r represents rate of growth.

From the information given,

b = 5655

r = 1.4% = 1.4/100 = 0.014

Therefore, the equation would be

y = 5655(1 + 0.014)^t

y = 5655(1.014)^t

b) in 2022, t = 2022 - 2010 = 12 years

y = 5655(1.014)^12

y = 6682