The population of a town is increasing. The size of the population can be modelled by the formula
P
=
A
o
r
t
, where
t
is the number of years that have passed since 2013.
On 1st January 2013, the population was 68,000.
On 1st January 2015, the population was 70,000.
Find the values of
A
o
and
r
.
Where necessary, round your answers to 3 dp.