Answer:
15,267
Step-by-step explanation:
To solve this problem, lets use the exponential growth formula which is:
A = total amount
P = original amount
r = growth rate (decimal)
t = years
<u>Before we plug in the values, don't forget to change 3.5% to its decimal form.</u>
3.5% ->
-> 0.035
Lets plug in the values:


The population after 7 years will be 15,267.
Let's say "m" is the manufactoring cost per drill (in dollars).
Then the manufactorer sells it for $4 more, so this would be:
m+4
Then the chain store sells it for 140% of the price is paid the manufactorer, so this would be "140% of (m+4)" which translates to "1.4•(m+4)" or more simply:
1.4(m+4)
P(m) = 1.4(m+4), where m is the initial manufactoring cost (in dollars).
Simplifying, you could rewrite this as:
P(m) = 1.4m + 5.6