Question

The population of a city was 163 200 on January 1, 1988, and it was 304 000 on January 1, 2005. If the growth of the city can be modeled as an exponential function, then the average annual growth rate of the city, expressed to the nearest tenth of a percent, was
A)12.1%
B)3.7%
C)1.0%
D)6.9%

Answer 1

12.1%

Answer 2

it is actually 3.7