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Initially, a population is 500, and it grows by 2% each year. Explain why the population is an exponential function of time.
Find a formula for the population at any time. (Let t represent time in years and P represent the population size.)
Determine the population size after 5 years. (Round your answer to the nearest whole number.)
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Initially, a population is 500, and it grows by 2% each year. Explain why the population is an expon...
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