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