Question

After years of maintaining a steady population of 32,000, the population of a town begins to grow exponentially. After 1 year and an increase of 8% per year, the population is 34,560. Which equation can be used to predict, y, the number of people living in the town after x years? (Round population values to the nearest whole number.)

Answer 1

y = 32,000(1.08)^x

(If you need integer population values, use y = round(32,000(1.08)^x).)