Answer: [tex]f(x)=15500(1.0375)^x[/tex]
Step-by-step explanation:
The exponential model for growth is given by :-
[tex]f(x)=A(1+r)^x[/tex], where A = initial value , r = growth rate (in decimal), x = time (in years).
Given: A= 15,500 r= 3.75% = 0.0375
The exponential model for the growth of this population will be :
[tex]f(x)=15500(1+0.0375)^x\\\\\Rightarrow\ f(x)=15500(1.0375)^x[/tex]
hence, the required model: [tex]f(x)=15500(1.0375)^x[/tex]
