Question 62631
A population is increasing at a rate of 2% each year. The population is currently 5000. Find a function p(t) that gives the size of the population t years from now.
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Current = 5000
After 1 yr= 5000(1+0.02)
After 2 yr= 5000(1+0.02)^2
...

After t years = 5000(1+0.02)^t
Cheers,
Stan H.