SOLUTION: Suppose an initial population of 33 million people increases at a continuous percent rate of 1.8% per year since the beginning of 2000.
Write a function f that determines the po
Algebra ->
Finance
-> SOLUTION: Suppose an initial population of 33 million people increases at a continuous percent rate of 1.8% per year since the beginning of 2000.
Write a function f that determines the po
Log On
Question 1148951: Suppose an initial population of 33 million people increases at a continuous percent rate of 1.8% per year since the beginning of 2000.
Write a function f that determines the population (in millions) in terms of the number of years t since the beginning of 2000.
f(t)=
Determine the population (in millions) at the beginning of 2019.
million people
What is the annual growth factor for the population?
If a represents the population (in millions) at some point in time, write an expression in terms of a to represent the population exactly 1 year later.
(a) f(t) = = millions people; t in years since the beginning of 2000.
(b) The problem does not give any information and any rationality to extrapolate back.
(c) Annual growth factor is 1+0.018 = 1.018.
(d) If "a" represents the population (in millions) at some point in time, then an expression in terms of "a" to represent
the population exactly 1 year later is b = a*1.018.