After years of maintaining a steady population of 32,000, the population of a town begins to grow exponentially. After 1 year and an increase of 8% per year, the population is 34,560. Which equation can be used to predict, y, the number of people living in the town after x years? (Round population values to the nearest whole number.) y = 32,000(1.08)x
y = 32,000(0.08)x
y = 34,560(1.08)x
y = 34,560(0.08)x