Algebra: A Combined Approach (4th Edition)

Published by Pearson
ISBN 10: 0321726391
ISBN 13: 978-0-32172-639-1

Chapter 12 - Section 12.4 - Exponential Growth and Decay Functions - Practice - Page 864: 1

Answer

$136839$ people

Work Step by Step

The initial population is $25000$ in the year 2000. Each year, it grows by $12$ percent, or per year $25000$ is multiplied by $1.12$. The population in 2015 must be predicted, thus $25000$ is multiplied by $1.12$ as much as $15$ times. This can be expressed as: $25000\times1.12^{15} \approx 136839$
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