SOLUTION: A population is increasing at a rate of 2% each year. The population is currently 5000. Find a function p(t) that gives the size of the population t years from now.
Algebra ->
Exponential-and-logarithmic-functions
-> SOLUTION: A population is increasing at a rate of 2% each year. The population is currently 5000. Find a function p(t) that gives the size of the population t years from now.
Log On
Question 62631: A population is increasing at a rate of 2% each year. The population is currently 5000. Find a function p(t) that gives the size of the population t years from now. Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! A population is increasing at a rate of 2% each year. The population is currently 5000. Find a function p(t) that gives the size of the population t years from now.
----------
Current = 5000
After 1 yr= 5000(1+0.02)
After 2 yr= 5000(1+0.02)^2
...
After t years = 5000(1+0.02)^t
Cheers,
Stan H.