Answer:
for 4 years: [tex]72,700 + 1.035^4(72,700)[/tex]
For n years: [tex]72,700 + 1.035^n(72,700)[/tex]
Step-by-step explanation:
Since each year the growth rate is 3.5 of the last year, n will represent the number of years.
[tex]72,700 + 1.035^n(72,700)[/tex]
Therefore since n is 4, the equation will be:
[tex]72,700 + 1.035^4(72,700) =72,700 + 1.15(72,700)[/tex]
Therefore this equation represents the town after four years.
