Math Problem Statement
A town has a population of 76,000 and shrinks at a rate of 7% every year. Which equation represents the town’s population after 4 years?
Solution
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Exponential Decay
Algebra
Formulas
P(t) = P_0 (1 - r)^t
Theorems
Exponential Decay Formula
Suitable Grade Level
Grades 9-12