Question 1040066: The population of adamsville grew from 10K to 14K in 5 years. assuming uninhibited exponential growth, what is the expected population in an additional 3 years. Do not round until the final answer, then round to the nearest whole number.
I seem to be drawing a blank with this!
Answer by stanbon(75887)   (Show Source):
You can put this solution on YOUR website!
The population of adamsville grew from 10K to 14K in 5 years. assuming uninhibited exponential growth, what is the expected population in an additional 3 years. Do not round until the final answer, then round to the nearest whole number.
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Note:: f(0) = 10K ; f(5) = 14K ; f(8) = ?
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Form y = a*b^x
Since f(0) = 10K, ab^0 = a*1 = a = 10K
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Since f(5) = ab^5, 10K*b^5 = 14K
b^5 = 7/5
b = 1.0606
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Therefore
f(8) = 10K*1.0696^8 = 17131.87
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Cheers,
Stan H.
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