Answer:
The k value is [tex]k = 0.0015[/tex]
Step-by-step explanation:
Population:
The population P(in thousands), of the city, in t years after 2000, is given by the following equation:
[tex]P(t) = 160.4e^{kt}[/tex]
In 2007, the population of the city was about 162,075.
This means that [tex]P(7) = 162.075[/tex], that is, when [tex]t = 7, P(t) = 162.075[/tex]
Find the k value
[tex]P(t) = 160.4e^{kt}[/tex]
[tex]162.075 = 160.4e^{7k}[/tex]
[tex]e^{7k} = \frac{162.075}{160.4}[/tex]
[tex]\ln{e^{7k}} = \ln{\frac{162.075}{160.4}}[/tex]
[tex]7k = \ln{\frac{162.075}{160.4}}[/tex]
[tex]k = \frac{\ln{\frac{162.075}{160.4}}}{7}[/tex]
[tex]k = 0.0015[/tex]
The k value is [tex]k = 0.0015[/tex]