According to a recent report, the population in Morganton wa…
According to a recent report, the population in Morganton was 16,625 people in 2020, and a function for the future population is:\( P(t)=16625(1.006)^t \) this gives the population t years after 2020. a. Determine if the population is growing or decaying. {#1} b. Identify the rate of growth/decay. {#2}% (Enter as a percentage not decimal) c. Use the function to estimate what the population of Morganton was in 2024. {#3} people d. Considering that the true population of Morganton in the year 2024 was 17,776, determine how far off your estimate in part C was from the actual value.{#4} people
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