SOLUTION: A town with a current population of 615,600, has a growth rate of 1.3%. Find the multipler for the rate of exponential growth.

Algebra ->  Exponential-and-logarithmic-functions -> SOLUTION: A town with a current population of 615,600, has a growth rate of 1.3%. Find the multipler for the rate of exponential growth.      Log On


   



Question 39385: A town with a current population of 615,600, has a growth rate of 1.3%. Find the multipler for the rate of exponential growth.
Answer by fractalier(6550) About Me  (Show Source):
You can put this solution on YOUR website!
Well, if a population grows at a rate of 1.3%, you would multiply the current population by a factor of (1 + .013) to get the next year's population.
So the multiplier would be 1.013.