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12 March, 10:30

The population of mastertown was 23,000 in 2012. assume that mastertowns population increased at a rate of 2% per year. write an equation to model the population of mastertown (y) based on a number of years since 2012 (x).

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  1. 12 March, 11:11
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    Exponential growth is

    F=P (1+r) ^t

    F=future amount

    P=present amount

    r=rate

    t=time in years

    rate=2%=0.02

    therefor the equation is

    f (x) = 23,000 (1+0.02) ^x

    f (x) = 23,000 (1.02) ^x

    where x=time in years from 2012
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