Population growth formula
[tex]P=P_0*e^{rt}[/tex]where,
P = total population after time t,
P0 = initial population
r = rate of growth
t = time in years
Given,
P0 = 173
P = 413
t = 1 year
Solution process,
let's replace and solve for r,
[tex]413=173*e^{r*1}[/tex][tex]\begin{gathered} e^r=\frac{413}{173} \\ \end{gathered}[/tex]apply exponent rules,
[tex]r=\ln \left(\frac{413}{173}\right)[/tex]Therefore, r=0.87015
Rounding to the nearest hundredth, r = 0.87