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ew Hlstory Bookmärks People Window Help aribhardwa;9 × 1 Nutrition-Google Drive

ID: 2912875 • Letter: E

Question

ew Hlstory Bookmärks People Window Help aribhardwa;9 × 1 Nutrition-Google Drive × Final Study Guide . Google D( × 1 ? WileyPlus-M https://edugen.wileyplus.com/edugen/student/mainfr.uni your bookmarks here on the bookmarks bar. Import bookmarks now... ent MESSAGE MY INS Chapter 5, Review Exercises, Additional Question 001 The following functions give the populations, P(), where I is measured in years and P(t) is measured in millio (a) Find the percent annual growth rate and the continuous growth rate per year for the function below. P(t) 54(1.2553) Round your answers to two decimal places. The annual growth rate is The continuous growth rate is (b) Find the percent annual decay rate and the continuous decay rate per year for the function below. P(O)-37e-0 187 Round your answers to two decimal places & Sons. Inc. All Rights Reserved. A Division of 1ohn Wiley & Sons Ins 20 FS F6

Explanation / Answer

P(t) = 54 (1.2553 ) ^t

annual growth rate is

( 1.2553 - 1)* 100 = 25.53%

continuous growth rate

e^rt = (1.2553 ) ^t

rt ln e = t ln ( 1.2553 )

r = ln ( 1.2553 )

r = 22.7

continuous growth rate = 22.7%