Question

According to the United States Census Bureau the population of Utah was 2.12 million people in 1997 and 2.53 million people 9 years later in 2006. Use an explicit exponential model to calculate the rate of growth of the population over this time period. Express the rate of growth as a percentage. Round to the nearest hundredth.

r=

Answer 1

To solve this problem our approach will be as follows;