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The population of mastertown was 23,000 in 2012. assume that mastertowns population increased at a rate of 2% per year. write an equation to model the population of mastertown (y) based on a number of years since 2012(x).

Mindee Nelson

in Mathematics

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Ross Pratt on August 7, 2018

The exponential growth is F=P(1+r)^tF=future amountP=this amountr=ratet=time in yearsrate=2%=0.02 therefore the equation is f(x)=23,000(1+0.02)^xf(x)=23,000(1.02)^xwhere x=time in years from 2012


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