The population of a small town in terms of years since 1990 can be predicted using the formula, P<0 - 20000(1.10). Which statement best describe what the 20,000,

1.10, and trepresent in the formula?

20,000 is the population in 1990.

1.10 indicates a population growth of 110% per year.

trepresents the elapsed time in years since 1990.

20,000 is the population in 1990.

1.10 indicates a population growth of 10% per year.

trepresents the elapsed time in years since 1990.

20,000 is the difference in population since 1990.

1.10 indicates a population growth of 10% per year

trepresents the elapsed time in years since 1990.

20,000 is the population in 1990.

1.10 indicates a population growth of 1% per year.

trepresents the elapsed time in years since 1990.