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The population of a certain city was 123,000 in 2006, and the observed relative growth rate is 2% per year. (a) Find a function that models the population after t years. (Assume t = 0 represents the year 2006.) (b) Find the projected population in the year 2012. (Round your answer to the nearest thousand.) (c) In what year will the population reach 200,000?
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\[123,000\times (1.02)^t\]
\[123,000\times (1.02)^6=138518\]
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wow really? i remember the good old days when i was counting down amistre to 1000!
\[200,000=123,000(1.02)^t\] \[\frac{200}{123}=(1.02)^t\] \[t=\frac{\ln(\frac{200}{123})}{\ln(1.02)}\]
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about 24.5 years
so 2031?
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