In 2000, the population of Sheboygan, WI was about 113,000 and was growing at a rate of 0.85% per year. Use an exponential function to predict the population in 2021 to the nearest whole Number.
A) 134,981
B) 128,481
C) 460,982,820
D) 145,034

Question

Quizplus · Accepted Answer

The population can be predicted using the formula $P = P_0(1 + r)^t$, where $P_0$ is the initial population, $r$ is the growth rate, and $t$ is the time in years. Plugging in the values: $P = 113,000(1 + 0.0085)^{21}$, which calculates to approximately 134,981.

In 2000, the Population of Sheboygan, WI Was About 113,000