The population of a small town can be modeled by the

Last updated: 8/7/2022

The population of a small town can be modeled by the equation f(t)=4800(1.02)^t, where t is the number of years since the collection of the population data began. Which statement is true? Select one: The population grows at a rate of 102% each year. The population will reach a maximum of 4800 people. The population was 4800 when the collection of population data began. The population grew by 102 people each year since the collection of population data began.