Math Problem Statement

The exponential model A = 72.9e^{0.008t} describes the population, A, of a country in millions, t years after 2003. Use the model to determine the population of the country in 2003.

Solution

The given exponential model is:

A=72.9e0.008tA = 72.9 \cdot e^{0.008t}

where AA is the population in millions, and tt represents the number of years after 2003. You are tasked with determining the population in 2003, which corresponds to t=0t = 0 (since it's the reference year).

Substitute t=0t = 0 into the equation:

A=72.9e0.0080A = 72.9 \cdot e^{0.008 \cdot 0}

This simplifies to:

A=72.9e0=72.91=72.9A = 72.9 \cdot e^0 = 72.9 \cdot 1 = 72.9

Thus, the population of the country in 2003 was 72.9 million.

Would you like further clarification on this? Here are some related questions:

  1. How does changing the growth rate 0.0080.008 affect the population over time?
  2. What would the population be in 2010, seven years after 2003?
  3. How can you use logarithms to solve for tt when the population reaches a certain value?
  4. How does the base ee function relate to real-world exponential growth models?
  5. What assumptions are made when using an exponential growth model?

Tip: In exponential models, the rate of growth or decay is constant in relative terms (percentage-wise), not in absolute terms. This is why populations modeled by exponential equations grow faster over time.

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Math Problem Analysis

Mathematical Concepts

Exponential Growth
Algebra
Exponential Functions

Formulas

A = 72.9e^{0.008t}

Theorems

Exponential Growth Formula

Suitable Grade Level

Grades 9-12