Math Problem Statement
Solution
The given exponential model is:
where is the population in millions, and represents the number of years after 2003. You are tasked with determining the population in 2003, which corresponds to (since it's the reference year).
Substitute into the equation:
This simplifies to:
Thus, the population of the country in 2003 was 72.9 million.
Would you like further clarification on this? Here are some related questions:
- How does changing the growth rate affect the population over time?
- What would the population be in 2010, seven years after 2003?
- How can you use logarithms to solve for when the population reaches a certain value?
- How does the base function relate to real-world exponential growth models?
- 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
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