Given:
A population numbers 15,000 organisms initially and grows by 19.7 % each year.
Let P represents the population.
Let t be the number of years of growth.
An exponential model for the population can be written in the form of
We need to determine the exponential model for the population.
Exponential model:
An exponential model for the population is given by
where a is the initial value and
and b is the rate of change.
From the given, the value of a is given by
Also, the value of b is given by
Thus, substituting the values of a and b in the exponential model, we get;
Thus, the exponential model for the given population is