Problema Solution
The population of a Midwestern city decays exponentially. If the population decreased from 900,000 to 800,000 from 2003 to 2005, what will be the population in 2008?
Answer provided by our tutors
If N is the population of the city and t is the time in years, then:
N(t) = N0e^(kt)
If the population decreased from 900,000 to 800,000 from 2003 to 2005 then:
N(0) = 900,000
N(2) = 800,000
t = 2 years
Therefore, solving for k we have:
N(2) = N0e^(2k)
800,000 = 900,000e^(2k)
900,000e^(2k) = 800,000
e^(2k) = 8/9
k = (1/2) ln(8/9)
k ≈ −0.059
Using the value of k above, the population in 2008 is:
N(5) = 900,000e^(5k)
N(5) = 900,000e^(5*−0.059)
N(5) ≈ 670,078
The population in 2008 will be approximately 670,078.