The number of students enrolled at a college is 13000 and grows 6% each year. Complete parts (a) through (e).
a) The initial amount a is 13,000.
b) The percent rate of change is 6%, so the growth factor b is 1 + 0.06 = 1.06.
c) To find the number of students enrolled after one year, you calculate 13,000 · 1.06.
d) Complete the equation y = 13000 · 1.06^2 to find the number of students enrolled after x years.
e) Use your equation to predict the number of students enrolled after 21 years.
After 21 years, there will be 44,194 students enrolled.
