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Sever21 [200]
3 years ago
5

Population in a Small Town, USA was 5,054 in 2007. The populations increase by 2% annually. Show and explain all work.

Mathematics
1 answer:
kakasveta [241]3 years ago
5 0

Answer: a. f(x)=5054(1.02)^x

b. The population in 2032 will be 8292.

Step-by-step explanation:

Exponential growth equation: y=a(1+r)^x, where a = initial value , r = growth rate, x = time period

Given: a = 5054 , r= 0.02

a. Required exponential growth function: f(x)=5054(1+0.02)^x

f(x)=5054(1.02)^x

b. For 2032, x= 25

f(25)=5054(1.02)^{25}

\approx8291.62\approx8292

The population in 2032 will be 8292.

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