SOLUTION: Jane called her local chamber of commerce and finds that the population growth rate of her town is 5%. In addition according to the 1990 census the population is 500. Find the grow

Algebra ->  Customizable Word Problem Solvers  -> Misc -> SOLUTION: Jane called her local chamber of commerce and finds that the population growth rate of her town is 5%. In addition according to the 1990 census the population is 500. Find the grow      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 760519: Jane called her local chamber of commerce and finds that the population growth rate of her town is 5%. In addition according to the 1990 census the population is 500. Find the growth equation and draw a graph showing the population between the years 1990-2010
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Jane called her local chamber of commerce and finds that the population growth rate of her town is 5%. In addition according to the 1990 census the population is 500. Find the growth equation and draw a graph showing the population between the years 1990-2010
------
Equation:
P(t) = 500*1.05^t
-----
For 2010:
P(10) = 500*1.05^10 = 814.45
----
To graph the equation use the points (0,500)and (10,814)
graph%28400%2C400%2C-10%2C40%2C-200%2C1000%2C500%2A1.05%5Ex%29
---------------
Cheers,
Stan H.