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In 2000, the population of a town was 8914. The population is expected to grow at a rate of 1.36% each year.
We can describe this trend as the formula [tex]P=8914(1.0136)^{n}[/tex] where [tex]P[/tex] is the population of the town [tex]n[/tex] years after 2000.
Therefore, the population of the town in 2006 will be [tex]P=8914(1.0136)^{6}\approx9666[/tex]
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