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1) It turns out that someone has already asked this question already, and I just happen to remember this post from February 27 of this year. I see no reason to make a duplicate answer.

 

Here is the link: https://web2.0calc.com/questions/help_80894


2a) The following equation below shows the general formula for a function that has exponential growth or decay.

 

\(P(t)=a*b^t\)

 

\(P(t)\) represents the function that yields the population of the town years after 2010.

a = initial population of town

b = rate of exponential growth or decay

 

Since a is the initial population of the town, a=8500. 

 

b, in this case, represents the portion of the population that remains as a fraction or decimal. The population begins at 100%. If the population decreases by 4.5% every year, then 100%-4.5% or 95.5% represents the percentage of the population that remains. As a decimal, this would be written as 0.955. 

 

Now that both of this function are known, we can create an equation to find the population years after 2010. 

 

\(P(t)=8500(0.955)^t\)

 

2b) Since I have generated the equation for you, do you think that you could solve the next one? Just substitute into the formula and solve.


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