Question 210742: Solve the problem.
In 1998, the population of a given country was 37 million, and the exponential growth rate was 5% per year. Find the exponential growth function.
A)P(t) = 370.05t , where P(t) is in millions and t is the number of years after 1998.
B)P(t) = 37e0.05t, where P(t) is in millions and t is the number of years after 1998.
C)P(t) = 37e5t, where P(t) is in millions and t is the number of years after 1998.
D)P(t) = 37e0.05, where P(t) is in millions and t is the number of years after 1998
Answer by stanbon(75887)   (Show Source):
You can put this solution on YOUR website! In 1998, the population of a given country was 37 million, and the exponential growth rate was 5% per year. Find the exponential growth function.
P(t) = 37e^(0.05t)
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Cheers,
Stan H.
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A)P(t) = 370.05t , where P(t) is in millions and t is the number of years after 1998.
B)P(t) = 37e0.05t, where P(t) is in millions and t is the number of years after 1998.
C)P(t) = 37e5t, where P(t) is in millions and t is the number of years after 1998.
D)P(t) = 37e0.05, where P(t) is in millions and t is the number of years after 1998
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