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Question
The function defined by f(t)=12(1+0.03)t can be used to determine the population, in thousands, of a town t years since 1955. According to the function, what was the population of the town in 1955 and what was the percent increase in population from year to year?

Enter a number in each box to correctly complete the sentence.

Sagot :

The population of the town in 1955 was 12 thousand people, and the percent increase in population from year to year was 3%.

How to explain the population?

A function assigns the value of each element of one set to the other specific element of another set. The function that gives the population of the town is given.

Since the year 1955 the value of t=0. Therefore, The population of the town in 1955 was 12 thousand. The percentage increase in population from year to year is 3%.

Therefore, the population of the town in 1955 was 12 thousand people, and the percent increase in population from year to year was 3%.

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