The number of students enrolled at a college is 12,000 and grows 6% each year. Write the equation and use it to predict the number of students enrolled after 23 years.
1. The initial amount a is
2. The growth factor b is
3. Complete the equation y =a.b
4. Complete the equation y =
Given:
Initial number of students (a) = 12,000
Annual growth rate (b) = 6% or 0.06
1. The initial amount a is 12,000.
2. The growth factor b is 0.06.
3. Complete the equation y = a * b:
y = 12,000 * 0.06.
4. Complete the equation y =:
After 23 years, the predicted number of students enrolled (y) is:
y = 12,000 * (1 + 0.06)^23