Math Problem Statement
Solution
To solve this, let's work through the two parts provided:
Given:
The exponential function is: Where is the number of years after 1974.
Part (a):
Substitute :
When , the equation becomes:
Since , we have:
So, the population in 1974 is 574 million.
Part (b):
Substitute (for the year 2001):
Now substitute into the formula:
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Calculate : Using a calculator:
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Multiply by 574:
Thus, the population in 2001 is approximately 1,201 million.
Would you like further details or have any questions? Here are five related questions for exploration:
- How does exponential growth differ from linear growth in population modeling?
- Can we use this model to predict the population in 2050?
- What is the percentage growth rate per year in this model, and how does it relate to the multiplier ?
- What are the limitations of using exponential functions for population predictions over a long period?
- How can this population model be adjusted for real-world factors like economic changes or disasters?
Tip: Exponential functions are ideal for modeling growth when a quantity grows at a constant percentage rate per unit time.
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Math Problem Analysis
Mathematical Concepts
Exponential Growth
Population Modeling
Substitution
Formulas
f(x) = 574(1.026)^x
Theorems
Properties of Exponents
Suitable Grade Level
Grades 10-12
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