How do you write an exponential function to model the situation. Then estimate the value of the function after 5 years. A population of 290 animals that increases at an annual rate of 9%?

klasyvea

klasyvea

Answered question

2022-11-09

How do you write an exponential function to model the situation. Then estimate the value of the function after 5 years. A population of 290 animals that increases at an annual rate of 9%?

Answer & Explanation

petyelebxu

petyelebxu

Beginner2022-11-10Added 13 answers

An compounded increase of 9% means the growth factor is 1.09, in other words the population will be multiplied by 1.09 every year:
After 5 years the number will be:
290 × 1.09 5 = 290 × 1 , 5386... 446
Note:
The general function is N = B × G T
Where N =new, B=begin, G=growth factor, T=number of periods.
The growth factor can be derived from the percentage growth by:
G = 1 ± P 100 where P = percentage growth (or decline).

Do you have a similar question?

Recalculate according to your conditions!

New Questions in Inferential Statistics

Ask your question.
Get an expert answer.

Let our experts help you. Answer in as fast as 15 minutes.

Didn't find what you were looking for?