In 1967, the US. minimum wage was $1.40 per hour. In 1975, the minimum wage was $2.10 per hour. Assume the minimum wage grows according to an exponential model w(t), where t represents the time in years after 1960. (a) Find a formula for w(t). (Round values to three decimal places.) w(t) = (b) What does the model predict for the minimum wage in 1960? (Round your answer to the nearest cent.) $:l (c) If the minimum wage was $5.15 in 1996, is this above, below, or equal to what the model predicts? 0 above 0 below 0 equal Additional Mat-rials III Reading -/12 Points] UWAPRECALC1 11.P.OOZ. A certain town is experiencing a population boom. In 1990, the population was 870 and ve years later it was 1230. (a) Find a linear model I(x) for the population of the town in the year 1990 + x. /(X) = Find an exponential model p(x) for the population of the town in the year 1990 + x. (Round values to three decimal places.) POO = (b) What do these models estimate the population of the town to be in the year 2000? (Round your answers to the nearest whole number.) [(2000) = [: people p(2000) = :] people