Math Problem Statement
Solution
We are given the population model:
where is the population in thousands, and is the number of years since 2000. We need to find how fast the population is changing in the year 2013, which corresponds to .
To find the rate at which the population is changing, we need to calculate the derivative of with respect to , which represents the rate of change of the population. The formula for the derivative of an exponential function is:
Using the chain rule, the derivative is:
Now, substitute to find the rate of change in 2013:
First, calculate , and .
Since the population is in thousands, the rate of change is approximately:
So, the closest answer to this calculation is 57,118 people per year.
Do you want any more details or have any questions?
Here are 5 related questions:
- How do we compute the derivative of other types of population models?
- What does the rate of change of a population tell us about its growth?
- How would a change in the base of the exponential function (e.g., 1.065) affect the population growth rate?
- What would happen to the population if the growth rate were to decrease over time?
- Can exponential growth continue indefinitely, or are there practical limitations?
Tip: In exponential growth models, the base of the exponential function controls the growth rate. A base greater than 1 indicates growth, while a base less than 1 indicates decay.
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Math Problem Analysis
Mathematical Concepts
Exponential Growth
Derivatives
Rate of Change
Formulas
Exponential Function: P(t) = 400(1.065)^t
Derivative of Exponential Function: P'(t) = 400 * ln(1.065) * (1.065)^t
Theorems
Chain Rule
Suitable Grade Level
Grades 10-12
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