Math Problem Statement
Solution
To determine the annual growth rate of the population in percentage terms, given the function:
we follow these steps:
-
Understand the formula:
- The growth rate is derived from the exponent of , where .
- The base represents continuous growth, and is the continuous growth rate per unit of time.
-
Convert the continuous growth rate to percentage:
- The continuous growth rate translates directly into an annual growth rate in decimal form.
- To convert it to a percentage: Multiply by :
Final Answer:
The population grows by 75% per year.
Let me know if you need further explanation or have additional questions! Here are some related questions to expand on:
- How does the growth function change if the growth rate is altered?
- What is the population after 5 years according to the given function?
- How can we calculate the doubling time for this population growth?
- What happens to the population if the growth rate decreases to ?
- How would this model be different if the growth was not exponential?
Tip: Exponential growth models are highly sensitive to the growth rate ; small changes can lead to significant differences over time.
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Math Problem Analysis
Mathematical Concepts
Exponential Functions
Population Growth
Continuous Growth Rate
Formulas
f(x) = P * e^(kx)
Continuous growth rate k converted to percentage: k * 100
Theorems
Exponential Growth Theory
Suitable Grade Level
Grades 10-12
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