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OpenStudy (anonymous):
the population of a town is growing at a rate of 1.4% each year. The town currently has a population of 49,000. Assume this rate of change continues. Write an exponential equation to describe the town's population P after t years. i got P=49,000(.000014) is this correct?
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OpenStudy (anonymous):
Correct is: \[P=49000*1.014^{t}\]
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