The population of the town P2 of Fulton was 50,000 and increasing at a continuous annual rate of 9.25% per yr?

The population of the town P2 of Fulton was 50,000 and increasing at a continuous annual rate of 9.25% per year, assume these growth rates hold constant over the next 20 years.

Write a formula expressing the population as a function of time, where t is the number of years since 1990.

I REALLY NEED HELP!

2 Answers

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  • M3
    Lv 7
    8 years ago
    Favorite Answer

    since **continuous** growth rate has been specified, the appropriate formula will be

    N = 50000e^(0.0925t)

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  • 8 years ago

    After t years the population is: 50, 000 * (1+9.25%)^t

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