The population of a town grows at a rate proportional to the
population present at time t. The initial population of 700 increases by 20% in 15 years. What
will be the population in 35 years? How fast is the population growing at t=35?
The population "P" after "t" years obeys the differential equation
"\\frac{dP}{t}=kP;"
where "k" is a positive castant; the initial condition is "P(0)=700".
To solve this, we use separation of variables:
"\\int\\frac{1}{P}dP=\\int kdt"
"ln|P|=kt+C"
"|P|=e^Ce^{kt}"
"P=Ae^{kt}."
Using "P(0)=700" gives "700=Ae^0\\Rarr A=700".
Thus, "P=700e^{kt}." Furthermore, "P(15)=700\\times120 \\%=840" so
"840=700e^{15k}"
"e^{15k}=1.2"
"15k=ln(1.2)"
"k=\\frac{ln(1.2)}{15}\\approx 0.012."
Thus, "P=700e^{0.012t}." The population after 35 years is therefore
"P=700e^{0.012(35)}=1065.37\\approx 1065" people.
Rate of population growth is
"\\frac{dP}{t}=\\frac{d(700e^{0.012t})}{dt}=(700*0.012)e^{0.012t}"
putting "t=35", we get
"\\frac{dP}{t}=(700*0.012)e^{0.012(35)}\\approx 13" people/year.
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