The number of students enrolled at a college is 17,000 and grows \( 3 \% \) each year. Complete parts (a) through (e). c) To find the number of students enrolled after one year, you calculate \( 17,000 \cdot 1.03 \). d) Complete the equation \( y=17,000 \cdot 1.03^{x} \) to find the number of students enrolled after \( x \) years. e) Use your equation to predict the number of students enrolled after 22 years. Ater 22 years, there will be \( \square \) students enrolled. (Round to the nearest whole number as needed.) Get more heln
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To predict the number of students enrolled after 22 years, you'll need to plug \( x = 22 \) into your equation \( y = 17,000 \cdot 1.03^{22} \). When you calculate this, you find that \( y \approx 17,000 \cdot 2.030857 \), which gives you about 34,595 students. So, rounding to the nearest whole number, there will be approximately 34,595 students enrolled after 22 years! In real life, many organizations use similar exponential growth models to project future changes, whether it's anticipating enrollment numbers, population growth, or even financial investments. The concepts behind exponential growth can help each organization plan strategically for resources and infrastructure and predict possible future scenarios!