Respuesta :
Answer:
[tex]y = 8500*(1+0.12)^{x}[/tex]
Step-by-step explanation:
Since the population keeps increasing as the land keeps being developed we can assume that the rate of growth is compounded annually. That being the case we can use the Exponential Growth Formula to solve this problem. The Formula would be the following,
[tex]y = a*(1+r)^{x}[/tex]
Where :
- y is the total amount of developed land after a given time
- a is the initial amount of land
- r is the rate of increase in decimal form
- x is the amount of time
Since we were given the rate and the initial area of land we can plug it into the equation .
[tex]y = 8500*(1+0.12)^{x}[/tex]
So with this formula we can calculate the amount of developed land after x years.
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