SOLUTION: suppose the population of a town is growing exponentially the population was 4,636 in 2008 and grew to 5,508 in 2010 what is the approximate growth rate of the population

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Question 1112583: suppose the population of a town is growing exponentially the population was 4,636 in 2008 and grew to 5,508 in 2010 what is the approximate growth rate of the population
Answer by josgarithmetic(39614) About Me  (Show Source):
You can put this solution on YOUR website!
y=p%2Ab%5Ex

Year 2008 is time 0.

4636=p%2Ab%5E0
4636=p


5508=4636%2Ab%5E2

b%5E2=5508%2F4636

b=1.09-----------------Growth rate is 9% each year.