Question

The nearby town of Troy also has a growing population. The Troy population is increasing at a rate of 2 percent each year. In the year 2010, there were 52,000 people living Troy. ere were 52.00 Write an equation that models the growth in Troy's population.

Answer 1

We have that Troya had 52000 people in 2010 and the population is increasing at a rate of 2 percent. If this growth rates continues the equation is,

$y=52000(1+0.02)^x$

Where x represents the number of years after 2010 and y represents the number of people x years after 2010.