Question

2.

1. A small town's population is growing at
an exponential rate. In 2010, there were
700 residents in the town. In 2011 there
were 770 residents and in 2012, there
were 847 residents. What equation can
be used to determine p, the number of
residents in 2018?

Answer 1

`P(8)=700\cdot(1.1)^8\approx 1500`, where t is the number of years since 2010.

Explanation:

See my attached image for an explanation!