The population P, t years after the initial observation is given by the formula:
pt=(100000)/(2+3e-0.05t)
Determine the exact size of the population and the time in years when the rate of growth is maximum
"P'(t)=\\dfrac{15000e^{-0.05t}}{(2+3e^{-0.05t})^2}=\\dfrac{15000e^{0.05t}}{(3+2e^{0.05t})^2}"
"P''(t)=\\dfrac{750e^{0.05t}(3-2e^{0.05t})}{(3+2e^{0.05t})^3}"
"P''(t)=0=>\\dfrac{750e^{0.05t}(3-2e^{0.05t})}{(3+2e^{0.05t})^3}=0"
"e^{0.05t}=1.5"
"t=20\\ln 1.5"
The rate of growth is maximum at "t=20\\ln 1.5."
Then
The exact size of the population is 25000 and the time is "20\\ln 1.5\\approx8.11" years when the rate of growth is maximum.
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