Math Problem Statement
Since January 1, 1960, the population of Slim Chance has been described by the formula P =22000(0.91)^t where P is the population of the city t years after the start of 1960. At what rate was the population changing on January 1, 1981?
Solution
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Math Problem Analysis
Mathematical Concepts
Exponential Functions
Differentiation
Population Growth and Decay
Formulas
Exponential decay formula: P = P0 * (decay factor)^t
Derivative of an exponential function: dP/dt = P0 * (decay factor)^t * ln(decay factor)
Theorems
Chain Rule in Differentiation
Suitable Grade Level
Grades 11-12
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