I have 2 equations for these made-up towns called "Town A" and "Town B". Town A's equation is P(t) = 8000 * (1.06)^t, and the equation for Town B is P(t) = 9500 * (1.05)^t. Now, the question is asking me to, "Use your equation and properties of exponents to find the approximate effective monthly increase in the population of Town A and Town B. Round to the nearest tenth of a percent". How do I figure out the monthly increase?
