Math Problem Statement
The population of a town can be modeled by the equation P, left parenthesis, t, right parenthesis, equals, 14, comma, 400, e, start superscript, minus, 0, point, 0, 5, 1, t, end superscriptP(t)=14,400e −0.051t where tt is measured in years since 2010.
a. Is the population increasing or decreasing?
b. What was the population in 2010?
c. Predict the population of the town in 20 years. (Round to the nearest person.)
Solution
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Math Problem Analysis
Mathematical Concepts
Exponential Decay
Population Modeling
Algebra
Formulas
P(t) = P_0 * e^(kt)
Theorems
Exponential Growth and Decay Theorem
Suitable Grade Level
Grades 10-12