Answer: y = 370000(1.082)^t
Step-by-step explanation:
We would apply the formula for exponential growth which is expressed as
A = P(1 + r)^t
Where
A represents the population after t years.
t represents the number of years.
P represents the initial population.
r represents rate of growth.
From the information given,
A = y
P = 370000
r = 8.2% = 8.2/100 = 0.082
Therefore, the exponential function showing the relationship between y and t is
y = 370000(1 + 0.082)^t
y = 370000(1.082)^t
