Math Problem Statement
Enrollment in a school has grown exponentially since the school opened. A graph depicting this growth is shown. Determine the percentage rate of growth.
Solution
To determine the percentage rate of growth from the graph, we can follow these steps:
-
Identify two points on the graph: We need to find two points (time, enrollments) that lie on the curve. From the graph, we can approximate these points.
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Set up the exponential growth formula: The formula for exponential growth is: Where:
- is the number of enrollments at time .
- is the initial number of enrollments.
- is the growth rate.
- is the time.
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Calculate the growth rate: By using the two points and solving for , we can determine the percentage rate of growth.
Step 1: Identify Two Points
From the graph:
- At , (initial enrollment).
- At , .
Step 2: Use the Exponential Growth Formula
Using the exponential growth formula:
Step 3: Solve for
To find the growth rate , let's solve the equation:
Taking the natural logarithm on both sides:
Now, let's calculate .The percentage rate of growth is approximately 8.28% per year.
Would you like further details on this calculation or have any additional questions?
Here are 5 related questions you might find interesting:
- How would the growth rate change if the initial enrollment was different?
- How can you use this growth rate to predict future enrollments?
- What would the enrollment be after 40 years at this growth rate?
- How would the graph change if the growth rate were doubled?
- What are some real-world factors that could affect this growth rate?
Tip: When working with exponential growth, small changes in the rate can lead to significant differences over time due to the compounding effect.
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Math Problem Analysis
Mathematical Concepts
Exponential Growth
Formulas
Exponential growth formula N(t) = N0 * e^(rt)
Theorems
-
Suitable Grade Level
High School
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