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QUESTION

A town had a population of 25,000 in the year 2000. Each year, the population is estimated to increase at a rate of 5%. Write an exponential growth/decay formula to model the situation. What will th

A town had a population of 25,000 in the year 2000. Each year, the population is estimated to increase at a rate of 5%.

Write an exponential growth/decay formula to model the situation.

What will the population be in the year 2020?

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