SOLUTION: P=f(t) gives the size of a population that begins with 30,000 members and grows at a continuous annual rate of 1.56%. Find a formula for the population,

Algebra ->  Equations -> SOLUTION: P=f(t) gives the size of a population that begins with 30,000 members and grows at a continuous annual rate of 1.56%. Find a formula for the population,       Log On


   

Question 1138630: P=f(t) gives the size of a population that begins with 30,000 members and grows at a continuous annual rate of 1.56%.
Find a formula for the population,

Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
This is the continuous compounding formula
P=30000*e^(0.0156t), where t is the number of years.