To find the number of rabbits present after 15 years using the model \( P(t) = 500e^{0.5t} \), we need to substitute \( t = 15 \) into the function.
\[ P(15) = 500e^{0.5 \cdot 15} \]
Calculating \( 0.5 \cdot 15 \):
\[ 0.5 \cdot 15 = 7.5 \]
Now, substituting back into the equation:
\[ P(15) = 500e^{7.5} \]
Next, we need to calculate \( e^{7.5} \):
\[ e^{7.5} \approx 178.879 \]
Now we can multiply:
\[ P(15) = 500 \cdot 178.879 \approx 89439.5 \]
Rounding to the nearest rabbit, we get:
\[ P(15) \approx 89440 \]
Thus, after 15 years, there will be approximately 89440 rabbits.