Answer :
The population of the island with growth rate of 4.5% per year and the current population is 1500 is 1953 after 6 years.
How to solve an exponential function
Let y represent the population after x years.
Given that the growth rate is 4.5% per year and the current population is 1500.
Hence a = 1500, b = 100% + 4.5% = 104.5% = 1.045
y = 1500(1.045)ˣ
After 6 years:
y = 1500(1.045)⁶ = 1953
The population of the island with growth rate of 4.5% per year and the current population is 1500 is 1953 after 6 years.
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