document.write( "Question 166911: Not from a textbook. Not sure how to show or explain the answer. I can figure out the first 3 years (108, 116.64, 125.97) I'm not sure about the n and algebraic equation needed. Thank you in advance for any and all help given.
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document.write( "Here is the problem.
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document.write( "Suppose a population of initial size 100 grows at the rate of 8% per year. What is the size of the population at the end of year 1?
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document.write( "What is the size of the population at the end of year 2?
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document.write( "What is the size of the population at the end of year 3?
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document.write( "What is the size of the population at the end of year n?
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document.write( "What algebraic equation would you need to solve to find the number of years x that it would take for our population to reach 200? Use a calculator to solve to x? \n" );
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Algebra.Com's Answer #123003 by scott8148(6628)![]() ![]() You can put this solution on YOUR website! to find the population at the end of any year, you take 8% of the starting population and add it\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "P2=P1+(8%)P1 __ factoring __ P2=P1(1+8%)=P1(1.08)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "P3=P2+(8%)P2 __ factoring __ P3=P2(1+8%)=P2(1.08) __ substituting P3=(P1(1.08))(1.08) __ P3=P1(1.08)^2 \n" ); document.write( "__ 2 is the number of years between P1 and P3\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "in general __ Pn=P0(1.08)^n __ where P0 is the original starting population\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "200=100(1.08)^n __ dividing by 100 __ 2=1.08^n __ taking log __ log(2)=n(log(1.08))\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "dividing by log(1.08) __ (log(2))/(log(1.08))=n __ 9=n (approx)\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |