Question:
The population of a certain city is modeled by the function
P(t)=5000⋅e0.02twhere P(t) represents the population at time t in years.
a) Determine the population when t=10.
b) Determine the exponential growth rate of the population.
Answer:
a) To find the population when t=10, we need to evaluate P(10).
Given: P(t)=5000⋅e0.02t
Substituting t=10:
P(10)=5000⋅e0.02⋅10Simplifying:
P(10)=5000⋅e0.2Using a calculator, we evaluate e0.2≈1.221.
P(10)≈5000⋅1.221≈6105.5Therefore, the population when t=10 is approximately 6105.5.
b) The exponential growth rate refers to the constant multiplying the exponent of the exponential function. In this case, it is the coefficient of t in the exponent.
From the given expression, the exponential growth rate is 0.02.
Therefore, the exponential growth rate of the population is 0.02.