Math Problem Statement

A biologist studying a population of geckos for several years found that the population can be modeled as shown below, where P** is the population, and t** is the time in years.

P=230⁢(1.04)t

What is the growth rate of this population?

Responses

4%

4 %

6%

6 %

Solution

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Math Problem Analysis

Mathematical Concepts

Exponential Growth
Algebra

Formulas

Exponential growth model: P = P0(1 + r)^t

Theorems

Exponential growth theorem

Suitable Grade Level

Grades 9-12