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Compound Interest Equation help?
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<blockquote data-quote="dancer12" data-source="post: 2689320" data-attributes="member: 905959"><p>The population of a city 10 years ago was 150,000. Since then, the population has increased at a steady rate each year. The population is currently 185,000.</p><p></p><p>a) Write an exponential function that could be used to model the population after x years if the population changes at the same rate.</p><p>b) What will the population be in 25 years?</p><p></p><p>The equation that needs to be used is: A= P(1+ (r/n))^nt</p></blockquote><p></p>
[QUOTE="dancer12, post: 2689320, member: 905959"] The population of a city 10 years ago was 150,000. Since then, the population has increased at a steady rate each year. The population is currently 185,000. a) Write an exponential function that could be used to model the population after x years if the population changes at the same rate. b) What will the population be in 25 years? The equation that needs to be used is: A= P(1+ (r/n))^nt [/QUOTE]
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