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The town of Madison has a population of 25,000 . The population is increasing by a factor of 1.12 each year.
Write a function that gives the population 
P(t) in Madison 
t years from now.
Do not use commas in your answer.

P(t)=

The town of Madison has a population of 2525,000000 . The population is increasing by a factor of 11.1212 each year.\newlineWrite a function that gives the population P(t) P(t) in Madison t t years from now.\newlineDo not use commas in your answer.\newlineP(t)= P(t)=

Full solution

Q. The town of Madison has a population of 2525,000000 . The population is increasing by a factor of 11.1212 each year.\newlineWrite a function that gives the population P(t) P(t) in Madison t t years from now.\newlineDo not use commas in your answer.\newlineP(t)= P(t)=
  1. Question Prompt: The question prompt is: "What is the function that gives the population of Madison tt years from now?"
  2. Exponential Growth Formula: To find the function that represents the population of Madison tt years from now, we need to use the formula for exponential growth, which is P(t)=P0×(growth factor)tP(t) = P_0 \times (\text{growth factor})^t, where P0P_0 is the initial population and the growth factor is 1.121.12 in this case.
  3. Initial Population and Growth Factor: The initial population P0P_0 is given as 25,00025,000. The growth factor is 1.121.12, which means the population increases by 12%12\% each year. To write the function, we replace P0P_0 with 25,00025,000 and the growth factor with 1.121.12.
  4. Population Function: The function that gives the population of Madison tt years from now is P(t)=25000×(1.12)tP(t) = 25000 \times (1.12)^t.

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