medium · SAT Math
A colony of insects has a population of 500 at time t = 0 days, and the population increases by 8% each day.
Which of the following equations gives the population P as a function of the number of days t?
- P = 500(1.008)^t
- P = 500(1.08)^t
- P = 500(0.08)^t
- P = 500 + 40t
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