Math Problem Statement

Antonio looked up the most recent census data for his county. He learned that the current population is about 66,500 people, and the population is expected to decrease by 4% each year. Write an exponential equation in the form y = a(b)^x that can model the population of his county, y, in x years. To the nearest hundred people, what can Antonio expect the population of his county to be in 10 years?

Solution

Step 1: Write the Exponential Equation

We are given that:

  • Current population, a=66,500a = 66,500
  • The population decreases by 4% each year, which means the decay rate b=10.04=0.96b = 1 - 0.04 = 0.96.

The exponential equation that models the population yy after xx years is: y=66,500×(0.96)xy = 66,500 \times (0.96)^x

Step 2: Calculate the Population in 10 Years

Now, we substitute x=10x = 10 into the equation to predict the population in 10 years: y=66,500×(0.96)10y = 66,500 \times (0.96)^{10}

Using a calculator: y66,500×0.665y \approx 66,500 \times 0.665 y44,222.5y \approx 44,222.5

Final Answer:

To the nearest hundred, Antonio can expect the population of his county to be around 44,200 people in 10 years.

Would you like more details or clarifications on any part of this? Here are five related questions to explore:

  1. How would the equation change if the population were increasing by 4% instead?
  2. What would the population be after 5 years instead of 10?
  3. How long would it take for the population to decrease to half of its original size?
  4. How does changing the percentage rate of decay affect the long-term population?
  5. What would happen to the population if the decrease rate were reduced to 2%?

Tip: For exponential decay problems, always remember that the base bb is calculated as 1r1 - r, where rr is the rate of decrease.

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Math Problem Analysis

Mathematical Concepts

Exponential Decay
Algebra

Formulas

Exponential Decay Formula: y = a(b)^x
Decay Rate Calculation: b = 1 - r

Theorems

Exponential Growth and Decay

Suitable Grade Level

Grades 8-10