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