Math Problem Statement

A population of 2.5 million is growing exponentially. a) What is the population 13 years later if the population has: continuous growth rate of 12% per year:

Solution

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Math Problem Analysis

Mathematical Concepts

Exponential Growth
Continuous Growth
Population Modeling

Formulas

P(t) = P_0 * e^(rt)

Theorems

Exponential Growth Theorem

Suitable Grade Level

Grades 10-12