Given the function, what value of k?

At $1.32 million, they closed last month percent above what they paid in 2007." how much did they pay in 2007?

The population of a small rural town in the year 2006 was 2,459. the population can be modeled by the function below, where f(x residents and t is the number of years elapsed since 2006. f(t) = 2,459(0.92)

The expression 1.01*1.005(^t) gives the amount of money, in thousands of dollars, in carter's savings account (t) years after he opens it. what does 1.01 represent in this expression?