Let P = 15(1.04)t give the population (in thousands) of a town, with t in years. (a)

Chapter 5, Problem 52

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Let P = 15(1.04)t give the population (in thousands) of a town, with t in years. (a) Describe the population growth in words. (b) If the formula for P is written P = 15(b) 12t , find b exactly. What is the meaning of b in the context of the population? (c) If the formula for P is written P = 15(2)t/c, find the value of c correct to 2 decimals. What is the meaning of c in this context?

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