A model predicts that the population of a certain town was $3,000$ in…

Question

Prompt

A model predicts that the population of a certain town was

3, 000

2007

. The model also predicts that each year for the next

5

years, the population

p

increased by

8%

of the previous year's population. Which equation best represents this model?

p = 0.92 (3, 000)^{x}

p = 1.08 (3, 000)^{x}

p = 3, 000 (0.92)^{x}

p = 3, 000 (1.08)^{x}