The number of students enrolled at a college is 17 comma 000 and grows 6% each year. Complete parts (a) through (e).
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Part 1
a) The initial amount a is
17,000.
Part 2
b) The percent rate of change is 6%, so the growth factor b is 1plus
0.06equals
1.06.
Part 3
c) To find the number of students enrolled after one year, you calculate 17 comma 000times
1.06.
Part 4
d) Complete the equation yequalsnothing times nothing Superscript nothing
to find the number of students enrolled after x years.
The equation would be:
y = 17,000(1.06)^x