The population of Canada in 2010 was approximately 34 million with an annual growth rate of 0.804%. At this rate, the population P(t) (in millions) can be approximated by P(t) = 34(1.00804)t, where t is the time in years since 2010.   a. Is the graph of P an increasing or decreasing exponential function?  b. Evaluate P(0) and interpret its meaning in the context of this problem. c. Evaluate P(5) and interpret its meaning in the context of this problem. Round the population value to the nearest million. d. Evaluate P(15) and P(25).

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter5: Exponential And Logarithmic Functions
Section5.2: Applications Of Exponential Functions
Problem 44E: Use a graphing calculator to solve each problem. In Example 4, suppose that a birth control program...
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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 P(t) (in millions) can be approximated by P(t) = 34(1.00804)t, where t is the time in years since 2010. 

 a. Is the graph of P an increasing or decreasing exponential function? 

b. Evaluate P(0) and interpret its meaning in the context of this problem.

c. Evaluate P(5) and interpret its meaning in the context of this problem. Round the population value to the nearest million.

d. Evaluate P(15) and P(25).

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