The initial population of the town was estimated to be 12,500 in 2005. The population has increased by about 5.4% per year since 2005. Formulate the equation that gives the population, A(x) , of the town x years since 2005. If necessary, round your answer to the nearest thousandth.

A(x)=__(_)^x

Step-by-step explanation:

Exponential equation for population growth:

Considering a constant growth rate, the population, in x years after 2005, is given by:

In which A(0) is the population in 2005 and r is the growth rate, as a decimal.

The initial population of the town was estimated to be 12,500 in 2005.

This means that

The population has increased by about 5.4% per year since 2005.

This means that

So

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step-by-step explanation:

the answer is 15% decrease