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The population of Thompsonville is currently 38,000. The town is growing at a common ratio of 1.1 annually. This situation is modeled by the equation [tex]y = 38000(1.1)^x[/tex]. How many people are predicted to live in Thompsonville in 10 years?

Hint: Remember the formula [tex]y = a(b)^x[/tex], where:
- \( a \) is the starting or initial value.
- \( b \) is the common ratio.
- \( y \) is the total amount at the end of the time interval.
- \( x \) is the time factor, such as seconds, minutes, hours, days, weeks, months, years, or rounds.

A. Approximately 66,000 people
B. Approximately 98,000 people
C. Approximately 45,000 people

Answer :

Answer:98,000 people after 10 years. Answer: approximately 98,000 people.

Step-by-step explanation:

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Rewritten by : Barada

Answer:

Step-by-step explanation:

To find the population of Thompsonville after 10 years, we can plug in x=10 into the given formula:

y = 38000(1.1)^10

Using a calculator, we can evaluate this expression:

y ≈ 98,031.52

Therefore, the population of Thompsonville is predicted to be approximately 98,000 people after 10 years. Answer: approximately 98,000 people.