Question

In a densely populated metropolitan area, the number of households is 1,400,720. The number of households is increasing at a rate of 2.5% every year. Select the correct equation that models the situation after t years.

Answer 1

Answer:

h=1400720(1.025)t

Step-by-step explanation:

Answer 2

Answer:

$F = 1,400,720*(1+0.025)^{t}$

Step-by-step explanation:

Hello, great question. These types are questions are the beginning steps for learning more advanced Algebraic Equations.

Fortunately there is already a formula that we can use for this situation. It is called the Exponential Growth Formula. With this formula you can calculate the amount of households after any amount of years. The Formula is the following,

$F = a*(1+r)^{t}$

Where:

• F is the final amount
• a is the initial amount
• r is the rate of growth in decimal format
• t is the amount of time

Now we can customize the formula to model the current situation. Like so,

$F = 1,400,720*(1+0.025)^{t}$

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.