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The population ,P, of town Y since 1995 ...

The population ,P, of town Y since 1995 can be estimated by the equation `P=1.0635x+3,250`, where x is the number of years since 1995 and `0 le x le 20`. In the context of this equation, what does the number 1.0635 most likely represent?

A

The estimated population of town Y in 1995

B

The estimated population of town Y in 2015

C

The factor by which the population of town Y increased yearly

D

The factor by which the population of town Y decreased yearly

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The correct Answer is:
C
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