Math Problem Statement

The population of the village of Brigethville, Florida has been observed to grow exponentially. The table shows the population for a six year period beginning in 2016.

Year 2016 2017 2018 2019 2020 2021 Population 790 894 1054 1267 1477 1884

Find an exponential equation that best fits the data above.

Solution

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Math Problem Analysis

Mathematical Concepts

Exponential Growth
Algebra
Mathematical Modeling

Formulas

Exponential growth equation: P(t) = P_0 * e^(kt)
Growth rate formula: k = ln(P(t) / P_0) / t

Theorems

Properties of Exponential Functions
Natural Logarithm Properties

Suitable Grade Level

Grades 9-12