The population is increasing every year. so we use exponential growth function
[tex] y=a(1+r)^x [/tex]
Where 'a' is the initial population
r is the rate of increase
x is the years
y is the final population
In 2015, the population of a small town in Florida is 95
Initial population a= 95
r= 15%= 0.15
x = 2023 - 2015 = 8 years
Plug in all the values and find out y
[tex] y=a(1+r)^x [/tex]
[tex] y=95(1+0.15)^8 [/tex]
y = 290.607
The population in 2023 is 291
