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