Question

After years of maintaining a steady population of 32,000, the population of a town begins to grow exponentially. After 1 year and an increase of 8% per year, the population is 34,560. Which equation can be used to predict, y, the number of people living in the town after x years? (Round population values to the nearest whole number.) y = 32,000(1.08)x y = 32,000(0.08)x y = 34,560(1.08)x y = 34,560(0.08)x

Answer 1

Answer:

y = 32,000(1.08)^x

Step-by-step explanation:

The exponential growth equation is y = a(1 + r)^x, where a is the initial amount, r is rate as a decimal, and x is the time.

In this situation, 32,000 is the initial amount (a) and 0.08 is the rate (r)

If we plug these into the equation, we get the equation y = 32,000(1.08)^x

So, y = 32,000(1.08)^x is the correct answer.