Plot and label the given points.
-The population of a town with an initial population of 68,555 grows at a rate of 3.8% per year. Create an exponential function of the form Q
$\mathrm { Q } = \mathrm { Q } _ { 0 } \times ( 1 + \mathrm { r } ) ^ { \mathrm { t } }$
A) $Q = 68,555 \times ( 0.962 ) ^ { t }$
B) $Q = 68,555 \times ( 1.038 ) ^ { t }$
C) $Q = 68,555 \times ( 4.8 ) ^ { t }$
D) $Q = 68,555 \times ( 0.924 ) ^ { t }$

Question

Plot and label the given points.
-The population of a town with an initial population of 68,555 grows at a rate of 3.8% per year. Create an exponential function of the form Q 
$\mathrm { Q } = \mathrm { Q } _ { 0 } \times ( 1 + \mathrm { r } ) ^ { \mathrm { t } }$ 
A) $Q = 68,555 \times ( 0.962 ) ^ { t }$
B) $Q = 68,555 \times ( 1.038 ) ^ { t }$
C) $Q = 68,555 \times ( 4.8 ) ^ { t }$
D) $Q = 68,555 \times ( 0.924 ) ^ { t }$

Quizplus · Accepted Answer

The correct exponential function for a population growing at a rate of 3.8% per year is $Q = 68,555 \times (1 + 0.038)^t$, which simplifies to $Q = 68,555 \times (1.038)^t$.

Plot and Label the Given Points Q=Q0×(1+r)t\mathrm { Q } = \mathrm { Q } _ { 0 } \times ( 1 + \mathrm { r } ) ^ { \mathrm { t } }Q=Q0​×(1+r)t

Plot and Label the Given Points $\mathrm { Q } = \mathrm { Q } _ { 0 } \times ( 1 + \mathrm { r } ) ^ { \mathrm { t } }$