Question

The equation modeling the population growth of a small town is P(t)=30000(1.02)^t, where P represents the population, and t represents the years from now. What is the approximate population change that occurs between 2 years from now and 10 years from now.

Answer 1

5358

Explanation:

The equation modeling the population growth of a small town is given as:

P(t)=30000(1.02)^t

When t = 2

P(2) = 30000(1.02)^2

P(2) = 31212

When t = 10

P(10) = 30000(1.02)^10

P(10) = 36569.8326

The approximate population change that occurs between 2 years from now and 10 years from now is calculated as:

= P(10) - P(2)

= 36569.83259984272 − 31212

= 5357.8325998

Approximately ≈ 5358