Math Problem Statement

The population of a country dropped from 52.5 million in 1995 to 44.9 million in 2008. Assume that P(t), the population, in millions, t years after 1995, is decreasing according to the exponential decay model. After how many years will the population of the country be 2 million, according to this model?

Solution

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Math Problem Analysis

Mathematical Concepts

Exponential Decay
Logarithms
Algebra

Formulas

P(t) = P_0 e^{-kt}
k = -ln(P(t)/P_0) / t
t = -ln(P(t)/P_0) / k

Theorems

Exponential Decay Model

Suitable Grade Level

Grades 10-12