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The population of a particular city is given by the function P(t) = 173,200(1.035)^t, where t is time in years and P(t) is the population after t years. What is the current population, the percentage growth rate, and the population size (rounded to the nearest whole person) after 25 years?

Hint: Percentage Growth Rate = r ⋅ 100, in A = A0(1 + r)^t

 

 A. 173,200, 3.5% semiannually, 266,258
 B. 173,200, 13.5% annually, 242,182
 C. 173,200, 3.5% annually, 409,314
 D. 173,200, 35% semiannually, 179,262

 
 Feb 24, 2016

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