To solve the problem, we will use the formula for exponential growth, which is given by:
\[ P(t) = P_0 \times (1 + r)^t \]
where:
- \( P(t) \) is the population at time \( t \),
- \( P_0 \) is the initial population,
- \( r \) is the growth rate (as a decimal),
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