In 1980, the population of a town was 2000 people. The exponential function P(t)=2000(1.05)t models the population of the town since 1980. Which statements are true regarding the population of the town? Select THREE that apply. A.
The population has increased by 5% each year since 1980.
B.
The population has increased by 105% each year since 1980.
C.
The population has increased by 5 people each year since 1980.
D.
Each year since 1980, the population is 105% of the population of the previous year.
E.
Each year since 1980, the population is 1.05 times the population of the previous year.