Answer:
The population of the town in the year 1962 will be 1730.
Step-by-step explanation:
The population of Smallville can be found by the equation [tex]P(t) = Ie^{rt}[/tex], where P(t) is the population at time t, r represents the rate of growth, and I is the initial population.
Now, if there are 225 residents in 1950 and the population of the town grows at a rate of 17% per year, then the population of the town in the year 1962 will be [tex]P(12) = 225 e^{0.17 \times 12} = 1730[/tex] (Approximate)