Question

A city's population is represented by the function P=25, 000(1.0095)', where tis time in years How could the function be rewritten to identify the daily growth rate of the population? What is the approximate daily growth rate? Drag and drop the choices into the boxes to correctly complete the table. If a value does not match, do not drag it to the table

Answer 1

The function for the population is given as :

P=25, 000(1.0095)^t where t is time in years

You can apply the compound interest formula to indicate a similar growth pattern for a period of one year / 365 days

In this case

P = 25000 { 1 + 0.0095 } ^ 1/365