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
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