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Question
A city's population is 1000 and growing at a year.Find a formula for the population at time years from now assuming that the per year is an:
(i) Annual rate (ii) Continuous annual rate
Solution
VerifiedStep 1
1 of 2To find the formula for the population at time years from now we will use the information that is given in the text of the exercise. We now that:
We see that the formula for the city's population in this case is:
In this case (continuous annual rate) we have that:
so we have that the formula for the city's population is given by:
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