Question

There are 250 wolves in a national park. the wolf population is increasing at a rate of 16% per year. write an exponential model to represent the situation. use the model from problem 1 to determine how long it will take the wolf population in the national park to reach 1000. round the answer to the nearest hundredth.

Answer 1

`\qquad \textit{Amount for Exponential Growth} \\\\ A=P(1 + r)^t\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{initial amount}\dotfill &250\\ r=rate\to 16\%\to (16)/(100)\dotfill &0.16\\ t=\textit{elapsed time} \end{cases} \\\\\\ A=250(1 + 0.16)^(t)\implies A=250(1.16)^t \\\\[-0.35em] ~\dotfill`

`A=P(1 + r)^t\qquad \begin{cases} A=\textit{accumulated amount}\dotfill &1000\\ P=\textit{initial amount}\dotfill &250\\ r=rate\to 16\%\to (16)/(100)\dotfill &0.16\\ t=\textit{elapsed time} \end{cases} \\\\\\ 1000=250(1.16)^t\implies \cfrac{1000}{250}=1.16^t\implies 4=1.16^t \\\\\\ \log(4)=\log(1.16^t)\implies \log(4)=t\log(1.16) \\\\\\ \cfrac{\log(4)}{\log(1.16)}=t\implies \stackrel{\textit{about 9 years and 4 months}}{9.34\approx t}`