12. In 2018, a small town in South America had a population of 1,400 people. Upon recounting in 2020, the population had grown exponentially to 1,800 people. a. Find the rate (as a percentage) at which it grew by each year to get from 1,400 to 1,800. b. Write an equation for the population in this town. c. Find the year that the population will be double what it was in 2018.

12. In 2018, a small town in South America had a population of 1,400 people. Upon recounting in 2020, the population had grown exponentially to 1,800 people. a. Find the rate (as a percentage) at which it grew by each year to get from 1,400 to 1,800. b. Write an equation for the population in this town. c. Find the year that the population will be double what it was in 2018.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 1P

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