The function defined by f (t) = 12(1+0.03)' can be used to determine the population, in thousands, of a town t years since 1955. According to the function, what was the population of the town in 1955 and what was the percent increase in population from year to year? Enter a number in each box to correctly complete the sentence. on of the town in 1955 or 12 people and the percent increase in population from year to year was 3