A town has a population of 1.303 x 10 power 5 and grows at a rate of 5.5% every year. Which equation represents the town's population after 2 years
The population after 2 years can be calculated using the formula for exponential growth:
Population after 2 years = Initial population x (1 + growth rate)^number of years
Substitute the values given:
Population after 2 years = 1.303 x 10^5 x (1 + 0.055)^2
Population after 2 years = 1.303 x 10^5 x (1.055)^2
Population after 2 years = 1.303 x 10^5 x 1.113025
Population after 2 years = 1.4510115 x 10^5
Therefore, the equation representing the town's population after 2 years is:
Population = 1.4510115 x 10^5