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anonymous
 4 years ago
A city's population is 1200 and growing at 3% a year.
(a) Find a formula for the population,p, at time t years from now assuming that the 3% per year is as an ANNUAL RATE and a CONTINUOUS ANNUAL RATE.
anonymous
 4 years ago
A city's population is 1200 and growing at 3% a year. (a) Find a formula for the population,p, at time t years from now assuming that the 3% per year is as an ANNUAL RATE and a CONTINUOUS ANNUAL RATE.

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campbell_st
 4 years ago
Best ResponseYou've already chosen the best response.0this uses the compound interest formula A = P(1 + r)^N P is the initial population, r is the growth rate, A is the future population and N is the number of time periods... all the information is in the question for you to solve it

anonymous
 4 years ago
Best ResponseYou've already chosen the best response.0well the annual and continous must be different...

campbell_st
 4 years ago
Best ResponseYou've already chosen the best response.0the question is telling you each year the rate of increase will be 3%... continuous means that it will constantly change

anonymous
 4 years ago
Best ResponseYou've already chosen the best response.0yea there are two formulas then.
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