4.An analyst studying the population of a town determines that the population can be modeled by the formula f(t) = 120,000(1.015)', where f(t) represents the population after t years. %3D

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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254.An analyst studying the population of a town determines that the population can be
modeled by the formula f(t) = 120,000(1.015)', where f(t) represents the population after
t years.
Part A: A city council member makes this claim: "Based on the formula, after 1 year the
population will have increased by 1,800. Since 1,800 divided by 12 is 150, we can use the
fact that the population increases by 150 people per month to predict the future
population of the town."
Explain why the city council member's claim is or is not a valid way to predict the
population.
Part B: Modify the initial given formula such that it represents the predicted population
26
after m months, and use the modified formula to predict the population after 50 months.
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Transcribed Image Text:Sses 254.An analyst studying the population of a town determines that the population can be modeled by the formula f(t) = 120,000(1.015)', where f(t) represents the population after t years. Part A: A city council member makes this claim: "Based on the formula, after 1 year the population will have increased by 1,800. Since 1,800 divided by 12 is 150, we can use the fact that the population increases by 150 people per month to predict the future population of the town." Explain why the city council member's claim is or is not a valid way to predict the population. Part B: Modify the initial given formula such that it represents the predicted population 26 after m months, and use the modified formula to predict the population after 50 months. Sign out
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