SOLUTION: A city is growing exponentially at a rate of 1.5% annually. Its population is currently 56,750 people. Predict the population in 10 years.

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Question 139813This question is from textbook Fundamentals of Algerbraic Modeling
: A city is growing exponentially at a rate of 1.5% annually. Its population is currently 56,750 people. Predict the population in 10 years. This question is from textbook Fundamentals of Algerbraic Modeling

Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
A city is growing exponentially at a rate of 1.5% annually. Its population is currently 56,750 people. Predict the population in 10 years.
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A(t) = 56750(1.015)^t
A(10) = 56750(1.015)^10
A(10) = 56750(1.16054...)
A(10) = 65861 when rounded up
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Cheers,
Stan H.