Answer:
The population of the town in Iowa after 13 years is 9,130
Step-by-step explanation:
The given parameters of the town are;
The population of the town in Iowa in 2007, a = 12,355
The rate at which the people of the town leave Iowa for Minnesota, r = 2.3% per year
We are required to find the population of the town after t = 13 years
The given population decay function is presented as follows;
[tex]f(t) = a \cdot (1 - r)^t[/tex]
Where;
a = The initial population of the town = 12,355
r = The annual percentage rate at which the people of the town leave Iowa for Minnesota = 2.3% per year = 0.023
t = The number of years over which the population changes = 13 years = 13
∴ f(13) = 12,355 × (1 - 0.023)¹³ = 9130.02734094
Therefore, the population of the town in Iowa after 13 years ≈ 9,130 (we round down to the nearest whole number).
