Task 2 - Population Growth and Decay

Here you will compare the population growth of Bentonville, AR to the population decay of Pine Bluff, AR.

In 2000, the population of Bentonville was 20,308 people and Pine Bluff's was 55,068 people.

The population growth rate for Bentonville since 2000 is 5.07%

The population decay rate for Pine Bluff since 2000 is 1.43%

Question 1
Write an exponential function to represent the Bentonville’s population, y, based on the number of years after 2000, x, after a period of exponential growth.(1 point)
y=
y=20,308 (1+0.0507) x
Question 2
Describe the variables and numbers that you used in your equation.(2 points)
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The variable "y" represents the population of Bentonville after a certain number of years (x) since 2000. The initial population in 2000 is 20,308. The growth rate is represented by 0.0507, which means that the population increases by 5.07% each year. The exponent "x" represents the number of years since 2000.