Question
A town population of 23,000 at present grows at an average rate of 2.5% every 8 years.
a)What is the possible population of the town in 25 years?
b)How many people were living in the town 10 years ago?
a)What is the possible population of the town in 25 years?
b)How many people were living in the town 10 years ago?
Answers
Steve
after t years,
p(t) = 23000 * 1.025^(t/8)
so, p(25) = 24845
p(-10) = 22301
p(t) = 23000 * 1.025^(t/8)
so, p(25) = 24845
p(-10) = 22301