SOLUTION: The population of a small suburban town grows exponentially and was 12 000 in 1993 and 21 000 in 1998. In what year will the population reach 36 750?

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Question 688126: The population of a small suburban town grows exponentially and was 12 000 in 1993 and 21 000 in 1998. In what year will the population reach 36 750?
Answer by stanbon(75887) About Me  (Show Source):
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The population of a small suburban town grows exponentially and was 12 000 in 1993 and 21 000 in 1998. In what year will the population reach 36 750?
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Form : A(t) = ab^t where t is # of years after 1993.
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Solve for "a" and "b" using (0,12000) and (5,21000).
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Using 0,12000 you get: 12000 = ab^0
So a = 12000
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Equation:
A(t) = 12000*b^t
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Using (5,21000), solve for "b":
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21000 = 12000*b^5
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b^5 = 21/12 = 7/4
b = (7/4)^(1/5)
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Equation:
A(t) = 12000*(7/4)^(t/5)
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In what year will the population reach 36 750?
Solve:
36750 = 12000(7/4)^(t/5)
(7/4)^(t/5) = 3.0625
Take the log to solve for "t":
(t/5)log(7/4) = log(3.0625)
(t/5) = log(3.0625)/log(7/4)
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t = 1.68 years
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Cheers,
Stan H.
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