Posted by Tony on Sunday, April 10, 2011 at 8:36pm.
A town has a population of 8400 in 1990. Fifteen years later, its population grew to 12500. Determine the average annual growth rate of this town's population. How do i solve this using applications of exponential functions?

algebra  bobpursley, Sunday, April 10, 2011 at 8:44pm
12500=8400(R)^15
ln12500=ln8400+15lnR
solve for R

algebra  Tony, Sunday, April 10, 2011 at 9:11pm
it doesnt work,
the answer is approximately 2.7%
:(
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