4) Use the situation to choose the correct answer. The population of a small town on January 1, 2005, was 7,200. On January 1, 2006,
the population was 7,416. on January 1, 2007, the population became 7,639, and on
January 1, 2008 the population was 7,867,
Which of the following equations best models the exponential function of this situation?
OP(t) = 7, 200(0.97)
O P(1) - 0.3(7,200)
O P(1) - 7,200(1.03)
OP() = 7, 200(0,03)