Exponential Growth and Decay
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A town in regional Queensland has \(12\,000\) people. Its population grows by \(3\%\) each year.
(i) Complete the rule for the population \(P\) after \(n\) years: \(P = 12\,000\times \square^{\,n}\).
(ii) Use your rule to find the population after \(5\) years, to the nearest whole number.
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