HELP PLEASE??
The population for a city is 94,083 and grows continuously at a rate of 5.5% each year. What is the approximate population in 32 years?
521,903
165,586
546,852
544,657
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ganeshie8 (ganeshie8):
use continuous growth formula
OpenStudy (anonymous):
which is ?
ganeshie8 (ganeshie8):
\(A = Pe^{rt} \)
OpenStudy (anonymous):
Can you help me ?
ganeshie8 (ganeshie8):
P : initial value
r : rate of growth
t : time
A : final value
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OpenStudy (anonymous):
Im bad at this
ganeshie8 (ganeshie8):
whats the starting population ?
ganeshie8 (ganeshie8):
read the problem and tell me if u can
OpenStudy (anonymous):
94,083
ganeshie8 (ganeshie8):
good :)
so P = 94083
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ganeshie8 (ganeshie8):
r = 5.5% = 0.055
t = 32
ganeshie8 (ganeshie8):
plug them in the formula
OpenStudy (anonymous):
OK
OpenStudy (anonymous):
@ganeshie8 what does e stand for in the formula?
myininaya (myininaya):
Looks like he did a good job of explaining. e is the number 2.7 approximately.
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OpenStudy (anonymous):
Can you help me finish?
myininaya (myininaya):
Follow the order of operations.
OpenStudy (anonymous):
i am kind of in a rush
myininaya (myininaya):
Did you see the formula he gave? He even told you what each of the values in the formula would hold in this problem.
Can you show me what you think the formula is with these given values?