A town has a population of 1300 people at time t0 In each of
A town has a population of 1300 people at time t=0. In each of the following cases, write a formula for the population P, of the town as a function of year t.
(a) The population increases by 60 people per year.
P= people
(b) The population increases by 3 percent a year.
P= people
(a) The population increases by 60 people per year.
P= people
(b) The population increases by 3 percent a year.
P= people
Solution
(a) P = 1300 + 60t (b) P = 1300(1.03)^t