We want to see how much the population of goats grows each year. We will see that the correct option is c: 17%.
We know that:
The population can be modeled with an exponential equation as:
P(t) = A*(1 + r)^t
Where:
So we have:
P(t) = 1500*(1 + r)^t
And we know that after 11 years the population is 8,400, so we have:
P(11) = 1500*(1 + r)^11 = 8400
Now we can solve this for r:
(1 + r)^11 = 8400/1500 = 5.6
(1 + r) = (5.6)^(1/11) = 1.17
r = 1.17 - 1 = 0.17
r = 0.17
To get it in percentage form, you just need to multiply it by 100%
0.17*100% = 17%
This means that the population increases a 17% each year, so the correct option is c.
If you want to learn more about exponential growth, you can read:
https://brainly.com/question/13223520