Question

A population of 1000 fish is predicted to grow at a rate of 40% per year. a. Explain why this is an example of exponential growth. Find the growth rate and growth factor.

How many fish will be there after 5 years?

Answer 1

y=a(b)^x is the equation for exponential growth so I believe the equation for this problem would be
y= 1000(1.4)^5 therefore the answer being 5378 fish
I would fact check this though because it’s been a while since I’ve learned this