Math Problem Statement
The fox population in a certain region has an annual growth rate of 8% per year. In the year 2012, there were 24,800 foxes counted in the area. What is the fox population predicted to be in the year 2020?
Solution
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Math Problem Analysis
Mathematical Concepts
Exponential Growth
Population Modeling
Formulas
P = P_0 * (1 + r)^t
Theorems
Exponential Growth Model
Suitable Grade Level
Grades 9-10