SOLUTION: The population of Hills Peak is currently 150,000 people. a) Write a formula for the population if it grows by 6000 people per year. b)Write a formula for the population if

Question 1058354: The population of Hills Peak is currently 150,000 people.
a) Write a formula for the population if it grows by 6000 people per year.
b)Write a formula for the population if it grows by 6% per year. What is the population after 2 years
Answer by solve_for_x(190) (Show Source): You can put this solution on YOUR website!
When the population grows by a fixed value of 6,000 people per year:

P(t) = 150,000 + 6,000t

where t is the number of years from the current time.

When the population grows by 6% per year:

P(t) = 150,000(1.06)^t

With the population growing by 6% per year, the population in
two years will be:

P(2) = 150,000(1.06)^2 = 168,540
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