Population Growth Answers

Suppose that an investment of $13,000 grows in value at a rate of 9% per year. What is the growth factor for this investment? a. 0.09 c. 1.09 b. d. 9 Please select the best answer from the choices provided

The 2000 U.S. Census reports the populations of Bozeman, Montana, as 27,509 and Butte, Montana, as 32,370. Since the 1990 census, Bozeman’s population has been increasing at approximately 1.96% per year. Butte’s population has been decreasing at approximately 0.29% per year. Assume that the growth and decay rates stay constant. Determine the exponential functions that model the populations of both cities.

Suppose that an investment of $13,000 has grown in value at a rate of 9% per year. If the current value is $16,835.38, then how many years have passed?