A city had a population of 110,000 in 1920. The population grew at a rate of 1% per year thereafter.
Which function could model this situation?
Use the function you selected to estimate the population in 1922.
Round your answer to the nearest whole number.
people
The function that could model this situation is: P(t) = 110,000(1.01)^t, where t represents the number of years since 1920.
To estimate the population in 1922 (2 years after 1920), plug in t = 2 into the function:
P(2) = 110,000(1.01)^2
P(2) = 110,000(1.0201)
P(2) ≈ 112,211
Therefore, the estimated population in 1922 would be 112,211 people.