Solve.In 1998, the population of Country C was 40 million, and the exponential growth rate was 1% per year. Find the exponential growth function.
A. P(t) = 400.01t , where P(t) is in millions and t is the number of years after 1998.
B. P(t) = 40e0.01t, where P(t) is in millions and t is the number of years after 1998.
C. P(t) = 40e1t, where P(t) is in millions and t is the number of years after 1998.
D. P(t) = 40e0.01, where P(t) is in millions and t is the number of years after 1998.
Answer: B
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