Answer:
[tex]P(t)=147000(1.014)^t[/tex]
Step-by-step explanation:
In general an exponential growth rate can be modeled as:
[tex]m=m_0r^n[/tex]
Where m is the final number of "things", m0 is the starting number of "things", r is the growth rate, and n is the number of cycles of growth. Here, P(t) corresponds to m, m0=147000, r = 1.014, and n = t. The exponential growth function is:
[tex]P(t)=147000(1.014)^t[/tex]
