The population of a particular city is given by the function P(t) = 113,200(1.04)t, where t is the time in years and P(t) is the population after t years. What is the current population, the percentage growth rate, and the population size (rounded to the nearest whole person) after 10 years?

Hint: Percentage Growth Rate = r ⋅ 100 in A = A0(1 + r)t

113,200, 4% semiannually, 168,209
113,200, 40% semiannually, 679,200
113,200, 10.4% annually, 304,465
113,200, 4% annually, 167,564

Question

The population of a particular city is given by the function P(t) = 113,200(1.04)t, where t is the time in years and P(t) is the population after t years. What is the current population, the percentage growth rate, and the population size (rounded to the nearest whole person) after 10 years?

Hint: Percentage Growth Rate = r ⋅ 100 in A = A0(1 + r)t

 113,200, 4% semiannually, 168,209
 113,200, 40% semiannually, 679,200
 113,200, 10.4% annually, 304,465
 113,200, 4% annually, 167,564