SOLUTION: The population of a town increased by 2.72% per year from 2000 to 2010. The town's population at the beginning of 2000 was 74,560. A)What was the 1-year growth factor for the town

Algebra ->  Equations -> SOLUTION: The population of a town increased by 2.72% per year from 2000 to 2010. The town's population at the beginning of 2000 was 74,560. A)What was the 1-year growth factor for the town      Log On


   



Question 1129309: The population of a town increased by 2.72% per year from 2000 to 2010. The town's population at the beginning of 2000 was 74,560.
A)What was the 1-year growth factor for the town's population?
B)Write a formula for function f that models the town's population in terms of the number of years t since the beginning of 2000.
C)Determine the town's population at the beginning of 2010. Round your answer to the nearest whole number.

Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
A)
1.0272
B)
+f%28t%29+=+74560%2A%28+1+%2B+.0272+%29%5Et+
C)
+f%2810%29+=+74560%2A1.0272%5E10+
+f%2810%29+=+74560%2A1.307826+
+f%2810%29+=+97512+ ( rounded off )