The population of a town increased by 1.5% per year from 1995 to 2015. The town's population at the beginning of 1995 was 16,112. a. What was the 1-year growth factor for the town's population?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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ISBN:9780079039897
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Chapter7: Exponents And Exponential Functions
Section7.9: Geometric Sequences As Exponential Functions
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The population of a town increased by 1.5% per year from 1995 to 2015. The town's population at the beginning of 1995 was 16,112.
a. What was the 1-year growth factor for the town's population?
Transcribed Image Text:The population of a town increased by 1.5% per year from 1995 to 2015. The town's population at the beginning of 1995 was 16,112. a. What was the 1-year growth factor for the town's population?
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