A barangay has 1,000 individuals and its population doubles every 60 years. Give an exponential model for the barangay. What is the barangay’s population in 10 years?

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 11T: Suppose that $12,000 is invested in a saving account paying 5.6% interest per year. (a)Write the...
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Example: Robert invested P30,000 after graduation. If the average interest rate is 5.8% compounded annually, (a) give an exponential model for the situation, and (b) will the money be doubled in 15 years?

Solution.

(a) At t = 0, the amount is P30,000.

 At t = 1, the amount is P30,000(1.058) = P31,740.

 At t = 2, the amount is P30,000(1.058)2 = P33,580.92

 At t = 3, the amount is P30,000(1.058)3 = P35,528.61.

 An exponential model for this situation is y = 30000 (1.058)t

(b) If t = 15, then y = 69,888.59. The money has more than doubled in 15 years.

Representing Real-life Situations Using Exponential Functions

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1. A barangay has 1,000 individuals and its population doubles every 60 years. Give an exponential model for the barangay. What is the barangay’s population in 10 years? 

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