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Percentage growth rate

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Reference no: EM131830788

The population of a particular city is given by the function P(t) = 27,400(1.07)t, where t is the time in years and P(t) is the population after t years. What is the current population, the percentage growth rate, and the population size (rounded to the nearest whole person) after 5 years?

Hint: Percentage Growth Rate = r ⋅ 100 in A = A0(1 + r)t

Reference no: EM131830788

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