Math Problem Statement
The population of a country town is decreasing at a rate of 2% p.a.
How many years will it take for the town's population of 16000 to fall below 10000?
Solution
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Math Problem Analysis
Mathematical Concepts
Exponential Decay
Algebra
Formulas
P(t) = P_0 * (1 - r)^t
t = ln(P(t)/P_0) / ln(1 - r)
Theorems
Logarithmic Properties
Suitable Grade Level
Grades 9-12
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