1. Problem 3a: Write the formula for calculating population after $T$ years given an initial population $P_0$ and annual growth rate $r$.
The formula for population after $T$ years with compound growth is:
$$P = P_0 (1 + r)^T$$
where $P_0 = 57245$ and $r = 0.07$ (7%).
2. Problem 3b: Find the population 2 years ago.
We use the formula backward:
$$P_{-2} = \frac{P}{(1 + r)^2}$$
Substitute values:
$$P_{-2} = \frac{57245}{(1 + 0.07)^2} = \frac{57245}{1.07^2}$$
Calculate $1.07^2 = 1.1449$:
$$P_{-2} = \frac{57245}{1.1449}$$
Intermediate step with cancellation:
$$P_{-2} = \frac{57245}{\cancel{1.1449}}$$
Calculate:
$$P_{-2} \approx 49980$$
So, the population 2 years ago was approximately 49980.
3. Problem 3c: If the growth rate was 9% last year, find the present population.
Let $P_{-1}$ be the population one year ago. Then:
$$P = P_{-1} (1 + 0.07)$$
But last year growth was 9%, so:
$$P_{-1} = \frac{P}{1.07}$$
And one year before that (2 years ago), population was:
$$P_{-2} = \frac{P_{-1}}{1.09} = \frac{P}{1.07 \times 1.09}$$
Calculate population now with 9% growth last year:
$$P = P_{-2} \times 1.09 \times 1.07$$
Since $P_{-2} = 49980$ (from 3b), then:
$$P = 49980 \times 1.09 \times 1.07$$
Calculate intermediate:
$$P = 49980 \times 1.1663$$
$$P \approx 58288$$
So, the present population would be approximately 58288 if last year's growth was 9%.
Population Growth 776F50
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