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The population of a small town is decreasing at a rate of 3% each year. The following table shows a projection of the population, N, after t years. Years Population O 8,500 1 8,245 2 7,998 3 7,758 4 7,525 If the population of the small town is currently 8,500 people, how many years will it take for the population to reach 5,500 people?

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