document.write( "Question 867252: The population of a town in the year 2000 was 250million and the population growth rate is 0.55% per year. Use the population model P(t)=P0(1+r)^t to find the year when the population reaches 350million. Answer is 2061\r
\n" ); document.write( "\n" ); document.write( "I can't figure out what numbers to plug into what function to solve this. The only example I have of using this formula isn't finding a year so it's not working.
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Algebra.Com's Answer #522971 by KMST(5328)\"\" \"About 
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\n" ); document.write( "0.55% =\"0.55%2F100=0.0055\"
\n" ); document.write( "The increase in population after the first year is \"0.0055%2AP%5B0%5D\" .
\n" ); document.write( "So the population goes from \"P%5B0%5D\" to
\n" ); document.write( "\"P%5B0%5D%2B0.0055%2AP%5B0%5D=1.0055%2AP%5B0%5D\" .
\n" ); document.write( "The population increases by the same \"1.0055\" factor every year.
\n" ); document.write( "After \"t\" years, the population is
\n" ); document.write( "\"P%28t%29=P%5B0%5D%2A1.0055%5Et\" .
\n" ); document.write( "You need to find the time \"t\" years after 2000, when \"P%28t%29=350million\" ,
\n" ); document.write( "knowing that in 2000, the population is \"P%5B0%5D=250million\"
\n" ); document.write( "\"350million=250million%2A1.0055%5Et\"
\n" ); document.write( "\"350million%2F%22250+million%22+=1.0055%5Et\"
\n" ); document.write( "\"7%2F5+=1.0055%5Et\" or \"1.4=1.0055%5Et\"
\n" ); document.write( "Taking logarithms on both sides of the equal sign
\n" ); document.write( "\"log%281.4%29=log%281.0055%5Et%29\"
\n" ); document.write( "\"log%281.4%29=t%2Alog%281.0055%29\"
\n" ); document.write( "\"t=log%281.4%29%2Flog%281.0055%29\"
\n" ); document.write( "That yields \"t=61\" (rounded to nthe nearest integer.
\n" ); document.write( "So the population reaches 350million 61 years after 2000,
\n" ); document.write( "in the year 2061.
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\n" ); document.write( "NOTE:
\n" ); document.write( "Since \"1.0055=e%5Eln%281.0055%29\"<-->\"1.0055%5Et=%28e%5Eln%281.0055%29%29%5Et=e%5E%28t%2Aln%281.0055%29%29\" ,
\n" ); document.write( "and math teachers really like the irrational number \"e\" ,
\n" ); document.write( "they often write the function as
\n" ); document.write( "\"P%28t%29=P%5B0%5D%2Ae%5E%28t%2Aln%281.0055%29%29\" .
\n" ); document.write( "It is really the same thing.
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