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## Homework Statement

The average growth rate of the population of a certain city is 7.5% per year. The city's population is now 22,750 people. What is the expected population in 10 years?

## Homework Equations

I was always taught this formula for exponential growth

N(t) = N_0 e^(kt)

N = population

N_0 = population at t(0)

e = 2.7...

k = some positive constant

t = time

Here's what my teacher wrote on my paper for the formula

f(x) = C(1 + r)^x

f(x) = population

C = initial population

r = growth rate

## The Attempt at a Solution

no i don't understand how to do this exactly because I don't know what to use for the constant k

so i used the second one

22750 (1 + .075)^10 = 46888.4680

now what I don't udnerstand is that this really makes no sense at all becasue if I wanted to fidn the population at 10 minutes or ten centuries and just plugged in 10 into the equation with no units at all I would get the same exact answer. Can youp please tell me how to go about reasoning this out... THANKS!