The function f(t)=12(1+0.03)t can be used to determine the population, in thousands, of a town t years since 1955. According to the function, what was the population of the town in 1955 and what was the percent increase in population from year to year?

inverse property is the answer

step-by-step explanation:

step by step solution :

step   1   :

1.1     4 = 22

(4)3 = (22)3 = 26

equation at the end of step   1   :

  ((23) • 26)2

step   2   :

equation at the end of step   2   :

  (23 • 26)2

step   3   :

final result :

  218

ya

answer: $13,622.84

step-by-step explanation: check the picture for info and stats : )