The population P(t) of a town, in thousands, t years after 1900 can be described by the rule P(t)=20(1.015)ᵗ.   What was the population in 1900?   What is the annual rate of growth or decay of the population? Give your answer as a percent.

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Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
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  1. The population P(t) of a town, in thousands, t years after 1900 can be described by the rule P(t)=20(1.015)ᵗ.

 

What was the population in 1900?

 

What is the annual rate of growth or decay of the population? Give your answer as a percent.

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