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A town starts with 20,000 residents and grows at a continuous rate of 2% per year. (a) Write a formula for the population of the

A town starts with 20,000 residents and grows at a continuous rate of 2% per year. (a) Write a formula for the population of the town after t years. NOTE: Enter the exact answer. Do not include commas P(t) = (b) What is the population of the town after 5 years? NOTE: Round your answer to the nearest person. Do not include commas. P (c) Find the annual growth rate of the population of the town. NOTE: Round your answer to two decimal places. Annual Growth Rate= %.

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