Answer:
27,400 is the current population
7% is the rate of increase
The new size is:
Step-by-step explanation:
To find the population in a future year, use the formula:
[tex]P(t) = 27,400(1.07)t[/tex]
Substitute the value t=5 to find the population in 5 years.
[tex]P(t) = 27,400(1.07)t\\P(t) = 27,400(1.07)(5)\\P(t) = 146,590[/tex]
Or if the equation is supposed to have t as an exponent then look below:
[tex]P(t) = 27,400(1.07)^t[/tex]
Substitute the value t=5 to find the population in 5 years.
[tex]P(t) = 27,400(1.07)^t\\P(t) = 27,400(1.07)^(5)\\P(t) = 38,430[/tex]
This formula is based off the standard formula [tex]A=A_0(1+r)^t[/tex] so r, the rate is 1.07=1+0.07 so r is 7%.
[tex]A_0[/tex] is the starting population which is 27,400 here.