The growth of the town is an illustration of exponential growth function
The population of the town in 15 years is 125651
How to determine the population in 15 years?
The given parameters are:
- Initial value, a = 75000
- Rate, r = 3.5%
An exponential growth function is represented as:
y = a * (1 + r)^t
So, we have:
y =75000 * (1 + 3.5%)^15
Evaluate
y =125651
Hence, the population in 15 years is 125651
Read more about exponential functions at:
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