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15 November, 11:22

3. A town had a population of 25,000 in the year 2000. Each year, the population is estimated to increase at a rate of 5%.

a. Write an exponential growth/decay formula to model the situation.

b. What will the population be in the year 2020?

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  1. 15 November, 12:53
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    A. p=25,000 * (1+0.05) ^t

    b. p=25,000 (1+0.05) ^20=66,332
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