Round the answer to the nearest whole number.
In 2017, the population of a district was 20,800.
A continuous annual growth rate is of approximately 6%.
To find the population in 2032 according to the exponential growth function.
The formula for the exponential growth function is given by,
where A is the population after growth,
P is the initial population,
r is the yearly growth rate, and
t is time in years.
Here, P=20,800, r=6%=0.06, and t=15.
Hence, the population in 2032 according to the exponential growth function will be 49,847.
Given a continuous exponential growth model, say
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State whether the equation represents exponential growth, exponential decay, or neither.
Describe what the values of C and k represent in the exponential growth and decay model
When does the function