Answer:
379,001.
Explanation:
The population of the city grows by 4.25%.
This is a constant factor and models an exponential function.
An exponential population function is of the form:
[tex]\begin{gathered} P(n)=P_0(1+r)^t \\ P_o=\text{Initial Population} \\ r\text{ = growth rate} \\ t\text{ =time in years} \end{gathered}[/tex]From the given problem:
[tex]P_0=230,000,r=4.25\%=0.0425,t=12years[/tex]This then gives us:
[tex]\begin{gathered} P(12)=230000(1+0.0425)^{12} \\ =230000(1.0425)^{12} \\ =379,001 \end{gathered}[/tex]The population after 12 years will be approximately 379,001.
