Math Problem Statement
In the 2000 U.S. Census, a small city had a population of 40 comma 000. By the 2010, the population had reached 59 comma 210. If the population grows by the same percent each year, when will the population reach 100,000?
Solution
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Math Problem Analysis
Mathematical Concepts
Exponential Growth
Logarithms
Percentage Growth
Formulas
P(t) = P0 * (1 + r)^t
ln(2.5) = t * ln(1 + r)
Theorems
Exponential Growth Theorem
Natural Logarithm
Suitable Grade Level
Grades 9-12
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