The following functions give the populations of four towns with time t in years. (i) P = 600(1.12)t (ii) P = 1,000(1.03)t (iii) P = 200(1.08)t (iv) P = 900(0.90)t (a) Which town has the largest percent growth rate? What is the percent growth rate? (b) Which town has the largest initial population? What is that initial population? (c) Are any of the towns decreasing in size? If so, which one(s)?
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Textbook Solutions for Applied Calculus
Question
In 2023, a quantity P is an exponential function of time t. Use the given information about the function P = P0at to: (a) Find values for the parameters a and P0. (b) State the initial quantity and the percent rate of growth or decay. P0a3 = 75 and P0a2 = 50 2
Solution
The first step in solving 1.5 problem number 20 trying to solve the problem we have to refer to the textbook question: In 2023, a quantity P is an exponential function of time t. Use the given information about the function P = P0at to: (a) Find values for the parameters a and P0. (b) State the initial quantity and the percent rate of growth or decay. P0a3 = 75 and P0a2 = 50 2
From the textbook chapter EXPONENTIAL FUNCTIONS you will find a few key concepts needed to solve this.
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