The population of a town grows at a rate proportional to the population present at time t. The initial population of 500 increases by 20% in 10 years. What will be the population in 30 years? (Round your answer to the nearest person.)How fast is the population growing at t = 30? (Round your answer to two decimal places.)
The population P after t years obeys the differential equation
dP/dt = kP where k is a positive constant; the initial condition is P(0) = 500. To solve this, we use separation of variables:
∫ 1 P dP = ∫ k dt
ln |P| = kt + C
|P| = eCekt
P = Aekt .
Using P(0) = 500 gives 500 = Ae0 ⇒ A = 500. Thus, P = 500ekt. Furthermore, P(10) = 500 × 120% = 600 so
600 = 500e10k
e10k = 1.2
10k = ln(1.2)
k = ln(1.2)/10 ≈ 0.018.
Thus, P = 500e0.018t .
i) The population after 30 years is therefore:
P = 500e^0.018(30) = 858.
ii) At t=30,population has grown by:
(858-500)/500 = 71.60% from the initial population.
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