Between 2007 and 2008, Olympia, WA grew almost 3% to a population of 245 thousand people. If this growth rate was to continue, what would the population of Olympia be in 2014?

As we did before, we first need to define what year will correspond ton= 0. Since we know the population in 2008, it would make sense to have 2008 correspond ton= 0, soP₀= 245,000. The year 2014 would then ben= 6.

We know the growth rate is 3%, givingr= 0.03.