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
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