The population of Canada in 2010 was approximately 34 million with an annual growth rate of 0.804%. At this rate, the population ??(??) (in millions of people) can be approximated by ??(??) = 34(1.00804)??, where ?? is the time in years since 2010. a.  Is ??(??) an increasing or decreasing exponential function? How do you know? b. Evaluate ??(0) and interpret its meaning in the context of this problem. c. Evaluate ??(5) and interpret its meaning in the context of this problem.

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 12CC: Suppose that the initial size of a population is n0 and the population grows exponentially. Let n(t)...
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The population of Canada in 2010 was approximately 34 million with an annual growth rate of
0.804%. At this rate, the population ??(??) (in millions of people) can be approximated by ??(??) =
34(1.00804)??, where ?? is the time in years since 2010.
a.  Is ??(??) an increasing or decreasing exponential function? How do you know?
b. Evaluate ??(0) and interpret its meaning in the context of this problem.
c. Evaluate ??(5) and interpret its meaning in the context of this problem.
d. When will the population of Canada be approximately 40 million?

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