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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 …

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 …
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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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User Dmraptis
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1 Answer

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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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User Kingsfoil
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