The population of Mastertown was 23,000 in 2012. Assume that Mastertown’s population increases at a rate of 2% per year. Write an equation t

Question

The population of Mastertown was 23,000 in 2012. Assume that Mastertown’s population increases at a rate of 2% per year. Write an equation to model the population of Mastertown (y) based on number of years since 2012 (x).

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Gianna 1 week 2021-11-25T08:28:30+00:00 1 Answer 0

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    2021-11-25T08:30:09+00:00

    Answer:

    23000 \times (1 + 0.02) ^{7} or \: 23000 \times (1.02)^{7}

    Step-by-step explanation:

    As this is compound interest you would need to use this formula:

     original \: value \times  ( {1 + multiplier \: })^{time \:}

    And then you would need to subsite the values into this equation to make:

    23000 \times (1 + 0.2)^{7}

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