SOLUTION: A population grows from 11000 to 15000 in five years. Assuming the growth is exponential, find the:
(a) Annual growth rate
(b) Continuous growth rate
Round your answers to 3
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-> SOLUTION: A population grows from 11000 to 15000 in five years. Assuming the growth is exponential, find the:
(a) Annual growth rate
(b) Continuous growth rate
Round your answers to 3
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Question 166778: A population grows from 11000 to 15000 in five years. Assuming the growth is exponential, find the:
(a) Annual growth rate
(b) Continuous growth rate
Round your answers to 3 decimal places.
(a) The annual growth rate is %.
(b) The continuous growth rate is %. Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! A population grows from 11000 to 15000 in five years. Assuming the growth is exponential, find the:
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Exponential Form: y = ab^x
15000 = 11000b^5
b^5 = 15/11
b = 1.064
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EQUATION: y = 11000*1.064^t
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(a) Annual growth rate: 0.064 or 6.4%
(b) Continuous growth rate: not sure what you mean by this.
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Cheers,
Stan H.
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