Solved on Dec 04, 2023

Find an exponential model P=abtP=a\cdot b^t for a population of 16,000 organisms growing by 6.9%6.9\% annually.

STEP 1

Assumptions
1. The initial population is 16,000 organisms.
2. The growth rate is 6.9% per year.
3. The population growth can be modeled exponentially.
4. The exponential model will be in the form P=abt P = a \cdot b^{t} , where: - P P represents the population after t t years, - a a represents the initial population, - b b represents the growth factor, - t t represents the number of years.

STEP 2

Identify the initial population, which will be the value of a a in the exponential model.
a=16,000 a = 16,000

STEP 3

Convert the growth rate from a percentage to a decimal to find the growth factor b b .
Growthrate=6.9%=0.069 Growth\, rate = 6.9\% = 0.069

STEP 4

Calculate the growth factor b b by adding 1 to the decimal growth rate. This is because the growth factor represents the total population after 1 year, which includes both the original population and the growth.
b=1+Growthrate b = 1 + Growth\, rate

STEP 5

Plug in the growth rate in decimal form to find the growth factor b b .
b=1+0.069 b = 1 + 0.069

STEP 6

Calculate the growth factor b b .
b=1+0.069=1.069 b = 1 + 0.069 = 1.069

STEP 7

Write the exponential model using the values of a a and b b that we have found.
P=abt P = a \cdot b^{t}

STEP 8

Substitute the values of a a and b b into the model.
P=16,0001.069t P = 16,000 \cdot 1.069^{t}
The exponential model for the population growth is: P=16,0001.069t P = 16,000 \cdot 1.069^{t}

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