Identify which differential equation(s) in Table 1:

7. The population, P, of a small community can be modelled by the equation P= 12 000(1.031)', where t is the number of years after 2005. a) What was the population in 2005? b) Is the population increasing or decreasing? Justify your answer. c) In terms of percentage, how is the town's population changing each year? d) What was the population be in 2010? e) In what year will the population reach 16 800?