Math Problem Statement
After years of maintaining a steady population of 32,000, the population of a town begins to grow exponentially. After 1 year and an increase of 8% per year, the population is 34,560. Which equation can be used to predict, y, the number of people living in the town after x years? (Round population values to the nearest whole number.)
Solution
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Math Problem Analysis
Mathematical Concepts
Exponential Growth
Percentage Increase
Formulas
Exponential growth formula y = a * (1 + r)^x
Theorems
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Suitable Grade Level
Grades 9-12
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