The population of melbourne in may 2017 was 5.37 million, with an average growth rate of 4.95% per annum.
(a) Make an equation that represents the population of melbourne, defining any variables used.
(b) According to your model what will the population of melbourne be in may 2021.
(c) If the average growth rate remains the same, how long will it take for the population to reach 8 million.