Posted by Tara on Thursday, February 21, 2013 at 11:45pm.
Yes, the general equation is P=pe^(rt), or P=p*k^t
If that's the equation, then the terms form a geometric sequence, since each is k times the one before. Let's examine the ratios:
6300/6000 = 1.05
6615/6300 = 1.05
...
Looks like P = 6000 * 1.05^t
If ou want it in terms of e^x, then since 1.05 = e^(ln 1.05)
P = 6000 * e^(ln 1.05 * t) = 6000*e^(.049t)
where t is years since 2012
so i came up with 14440 people rounded to the nearest whole number.
is there a way to check the formula by using the previous information?
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