The population of bats in a large cave is 700 and is growing

Last updated: 7/15/2022

The population of bats in a large cave is 700 and is growing exponentially at 8% per year. Write a function to represent the population of bats after t years, where the quarterly rate of change can be found from a constant in the function. Round all coefficients in the function to four decimal places. Also, determine the percentage rate of change per quarter, to the nearest hundredth of a percent.