medium · SAT Math
A town's population of 12,000 increases by 8% each year.
Which of the following functions P gives the population of the town t years from now?
- P(t) = 12000(0.08)^t
- P(t) = 12000(1.08)^t
- P(t) = 12000(1.8)^t
- P(t) = 12000 + 960t
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