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A population of 350 animals has a growth rate of 5% each year. Write an exponential function to model this situation.

Sagot :

Given:

The population of animals = 350

Growth rate = 5% each year.

To find:

The exponential function to model this situation.

Solution:

The general exponential growth model is:

[tex]f(t)=a(1+r)^t[/tex]

Where, a is the initial value, r is the growth rate in decimal and t is the time period.

Substituting [tex]a=350, r=0.05[/tex] in the above formula, we get

[tex]f(t)=350(1+0.05)^t[/tex]

[tex]f(t)=350(1.05)^t[/tex]

Therefore, the required exponential function is [tex]f(t)=350(1.05)^t[/tex], where f(t) is the number of animals after t years.