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the population of mastertown was 23,000 in 2012. assume that mastertowns population increases at a rate of 2% per year. write an equation to model the population of mastertown (y) based on numbers of years since 2012 (x)

Verified Answer :

So, after one year will will have the new population of 23 000 (100 %+2%)
(the 100 % is the old population and the 2% is the increase), that is:

230001.02=23460

(102 % can be represented as 1.02)

And for the next years, we have to repeat the procedure.

a more generic rule would be:

y=23000*\(1.02^{x}\) (x is the number of years passed)

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