Math Problem Statement
The population of a city is modeled by the equation P(t)=262,426e0.25t where t
is measured in years. If the city continues to grow at this rate, how many years will it take for the population to reach one million?
Round your answer to the nearest year.
Solution
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Math Problem Analysis
Mathematical Concepts
Exponential Growth
Logarithms
Population Modeling
Formulas
P(t) = 262,426e^{0.25t}
P(t) = 1,000,000
ln(x)
Theorems
Laws of Logarithms
Exponential Growth Law
Suitable Grade Level
Grades 10-12