the population of mastertown is 23000 in 2012. assume the mastertown's population increase at of 2% per year. Write an equation to model the popultaion of mastertown (y) based on number of years since 2012
The equation to model the population of Mastertown (y) based on the number of years since 2012 (x) is:
y = 23000(1 + 0.02)^x
where:
y = population of Mastertown
x = number of years since 2012
This equation represents the population growth rate of 2% per year from 2012.