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PLS HELP!!!! The population of a town in 2015 was 40,000. The annual rate of increase Is 5%. Write an exponential model to predict how many people would be in this town in 2020. Round your answer to the nearest whole unit.

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Answer:

Let t = 0 represent the year 2015.

p(t) = 40,000(1.05^t)

p(5) = 40,000(1.05^5) = 51,051

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