Question

in 2002, there were 972 students enrolled at oakview high school. Since then, the number of students has increased by 1.5% each year. write an exponential function to model the situation, then find the number of students enrolled in 2014

Answer 1

972(1+1.5%)^12

Explanation:

2003 increase 972x1.5%, plus 2002's 972 students, so

2003 total is 972x1.5%+972=972(1+1.5%）

2004: 972(1+1.5%)^2

2014: 972(1+1.5%)^12