Math Problem Statement

If the population of a city is 145 comma 000. If the population declines continuously by 4​% per​ year, what will the population be in 15 ​years?

Solution

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Math Problem Analysis

Mathematical Concepts

Exponential Decay
Continuous Growth and Decay
Population Dynamics

Formulas

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

Theorems

Exponential Decay Theorem

Suitable Grade Level

Grades 10-12