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Question 5

Digital SAT Math Practice Quiz · Deck: Digital SAT Math: Algebra, Advanced Math & Geometry

The population of a town $t$ years after 2020 is modeled by the exponential function $P(t) = 5{,}000(1.07)^t$. By what annual percentage does the town's population increase each year?

  1. 0.07%
  2. 1.07%
  3. 7%
  4. 70%

Source: Exponential Functions, OpenStax College Algebra 2e

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