Math Problem Statement

If the population of a city is 135,000. If the population declines continuously by 5​% per​ year, what will the population be in 15 ​years? The population will be enter your response here. If​ necessary, round to the nearest integer.

Solution

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Math Problem Analysis

Mathematical Concepts

Exponential Decay
Continuous Compounding
Population Dynamics

Formulas

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

Theorems

Exponential Decay Theorem

Suitable Grade Level

Grades 9-12