Researchers estimate that a city's population will increase by 3.2% every year. The city's population in 2024 was 86,310.

Write an expression for the population P(t), where t is the number of years after 2024.
Write your answer in the form P(t)=a(b)t, where a and b are integers or decimals. Do not round.
P(t)=

P(t) = 86,310(1 + 0.032)^t