Math Problem Statement

Exponential model of growth

Solution

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Math Problem Analysis

Mathematical Concepts

Exponential Growth
Population Growth
Percentage Growth Rate

Formulas

P(t) = P_0 * (1 + r)^t
Average growth rate = (0.26 + 0.25 + 0.26 + 0.26 + 0.22 + 0.18 + 0.16) / 7
Annual growth rate = 22.7% / 10 years

Theorems

Exponential Growth Model

Suitable Grade Level

Grades 10-12