Answer:
Step-by-step explanation:
The given expression represents exponential growth. The expression is written as
20,000(1.05)^t
Where
20000 represents the initial population of the town in 2005.
1.05 represents the rate at which the population is increasing each year after 2005. The actual growth rate is
0.05 × 100 = 5%
t represents the number of years after 2005
Therefore, the complete sentence would be
The population of the town is increasing by 5% each year.
