Raymond B. answered 06/02/23
Math, microeconomics or criminal justice
in the year 2000 the population was 200 thousand
each year it grows by 9 thousand
in 2013 what is the population?
A = Pe^rt where t = years since 2000, t=13 in 2013
P = beginning population = 200 (measured in thousands)
A = ending population after t years = 13 years
A=200e^9r
209 = 200e^9r
209/200 = e^9r
ln(209/200) = 9r
r = ln1.045/9 = about .00489077= about .49.% annual growth rate
A=200e^13(.00489077)
= 213.1289352
= almost 213,129 people in 2013