Answer:
y(t) = 494 (1.03)^t
y(10) = 663,89
Step-by-step explanation:
An increase in population by 3% each year means that at the end of each year, the population is 1.03 times what it was at the start of the year
This increase in population continues for t years
Exponential growth model that represents the population y (in thousands) t years after the beginning of the decade is
y(t) = 494 (1.03)^t
Where,
y = population
t = number of years
Find y when t = 10
y(t) = 494 (1.03)^t
y(10) = 494 (1.03)^10
= 494 ( 1.3439)
= 663.8866
Approximately y(10) = 663.89
This means that after 10 years from when the population was 494,000, it increased to 663,89.
