I'm 2003, the population of Charlotte, NC was 584,658. According to the U. S. Census Bureau, Charlotte has been growing at the rate of 4.8% annually since 2003. What equation models the population of Charlotte t years after 2003

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Magnolia

Mathematics

24 June, 10:32

I'm 2003, the population of Charlotte, NC was 584,658. According to the U. S. Census Bureau, Charlotte has been growing at the rate of 4.8% annually since 2003. What equation models the population of Charlotte t years after 2003

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Kaiden · Answer 1

If a certain place's population is given to be growing at a rate of 4.8% annually, the population after t years from 2003 will become (1.048^t) times the given initial population. This translates to a mathematical equation which is equal to,

At = (584,658 (1.048^t)