SOLUTION: I got the first part right, but how do I set up and solve for part B? The population of a city was 161 thousand in 1992. The exponential growth rate was  1.6% per ye

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Question 1131052: I got the first part right, but how do I set up and solve for part B?
The population of a city was 161 thousand in 1992. The exponential growth rate was  1.6% per year.
​a) Find the exponential growth function in terms of​ t, where t is the number of years since 1992. P(t)=161000e0.016t
​b) Predict the population in 2004​, to the nearest thousand.
​(Round to the nearest thousand as​ needed.)
Answer by josgarithmetic(39630)   (Show Source): You can put this solution on YOUR website!
If you want to use the function you are trying to use, it should be written
But even better, just understand that P is in the thousands, and change your function to say



Your description means, t is time in years since 1992.

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b) Predict the population in 2004​, to the nearest thousand.
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Year 2004 means you want t=12.
2004-1992=12

Evaluate P(12).


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----------prediction,

195000 predicted for year 2004
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