Final answer:
To find the value of k in the exponential growth equation Aekt, solve the two equations P(0) = A and P(5) = Aekt for k using the given population values.
Step-by-step explanation:
To find the value of k in the equation P(t) = Aekt, we can use the given information to set up two equations:
When t = 0, P = 1000:
1000 = Ae^k(0) = A
When t = 5, P = 3000:
3000 = Ae^k(5)
Solving these equations:
3000 = 1000e^5k
e^5k = 3
Take the natural logarithm (ln) of both sides:
5k = ln(3)
k = ln(3) / 5
To 2 decimal places, k ≈ 0.22