A city's population is represented by the function P=25,000(1.0095)t P=25,000(1.0095)t , where t is time in years.


How could the function be rewritten to help identify the daily growth rate of the population? What is the approximate daily growth rate?


Function

P= 25,000 (1.00095 ^1/365t) ^365t



Functions:

P = 25,000 (1.0095 ^1/365) ^365t

P = 25,000 (1 + 0.0095) ^t/365

P = 25,000 (1 + 0.0095 ^1/365) ^365t


Daily Growth Rates:

0.003%

0.95%

0.0012%