$8$ billion people in the world, increase each year by $2%$, how many people will be in $9$ months?












2












$begingroup$


I have the following ODE problem :



$8$ billion people in the world, increase each year by $2%$, how many people will be in $9$ months?



What I did :



The change each year is : $$x'(t)=0.02(x(t))$$



Therefore $$x(t)=Ce^{0.02t}$$



In $t_0$ we know that $x(t_0)=8$, therefore $C=8*e^{-0.02t_0}$



So I got that $$x(t)=8*e^{(0.02(t-t_0))}$$



The number of people in $9$ months are $t-t_0=3/4$



Therefore I got : $$x(t)=8*e^{0.02(0.75)}=8.1209$$



In the text book the right answer is $8.1197$



I don't understand what's wrong with my solution.



Any help will be appreciated, thanks.










share|cite|improve this question











$endgroup$








  • 1




    $begingroup$
    This is wrong: $x′(t)=color{red}{0.02}(x(t)).$ The problem statement says an integrated increase in one year to be $0.02$ relative to the starting value, not the current rate of growth.
    $endgroup$
    – CiaPan
    4 hours ago










  • $begingroup$
    Thank you, Just to make sure I understand correctly the equation : $x'(t) = 0.02(x(t))$ means that the growth rate $(x'(t))$ of the population in time $t$ is defined by amount of people multiply by $0.02$ $(x(t)*0.02)$ its not correct since the change of the rate growth depends on the starting value $(t_0=0)$ hence present time.
    $endgroup$
    – JaVaPG
    3 hours ago


















2












$begingroup$


I have the following ODE problem :



$8$ billion people in the world, increase each year by $2%$, how many people will be in $9$ months?



What I did :



The change each year is : $$x'(t)=0.02(x(t))$$



Therefore $$x(t)=Ce^{0.02t}$$



In $t_0$ we know that $x(t_0)=8$, therefore $C=8*e^{-0.02t_0}$



So I got that $$x(t)=8*e^{(0.02(t-t_0))}$$



The number of people in $9$ months are $t-t_0=3/4$



Therefore I got : $$x(t)=8*e^{0.02(0.75)}=8.1209$$



In the text book the right answer is $8.1197$



I don't understand what's wrong with my solution.



Any help will be appreciated, thanks.










share|cite|improve this question











$endgroup$








  • 1




    $begingroup$
    This is wrong: $x′(t)=color{red}{0.02}(x(t)).$ The problem statement says an integrated increase in one year to be $0.02$ relative to the starting value, not the current rate of growth.
    $endgroup$
    – CiaPan
    4 hours ago










  • $begingroup$
    Thank you, Just to make sure I understand correctly the equation : $x'(t) = 0.02(x(t))$ means that the growth rate $(x'(t))$ of the population in time $t$ is defined by amount of people multiply by $0.02$ $(x(t)*0.02)$ its not correct since the change of the rate growth depends on the starting value $(t_0=0)$ hence present time.
    $endgroup$
    – JaVaPG
    3 hours ago
















2












2








2





$begingroup$


I have the following ODE problem :



$8$ billion people in the world, increase each year by $2%$, how many people will be in $9$ months?



What I did :



The change each year is : $$x'(t)=0.02(x(t))$$



Therefore $$x(t)=Ce^{0.02t}$$



In $t_0$ we know that $x(t_0)=8$, therefore $C=8*e^{-0.02t_0}$



So I got that $$x(t)=8*e^{(0.02(t-t_0))}$$



The number of people in $9$ months are $t-t_0=3/4$



Therefore I got : $$x(t)=8*e^{0.02(0.75)}=8.1209$$



In the text book the right answer is $8.1197$



I don't understand what's wrong with my solution.



Any help will be appreciated, thanks.










share|cite|improve this question











$endgroup$




I have the following ODE problem :



$8$ billion people in the world, increase each year by $2%$, how many people will be in $9$ months?



What I did :



The change each year is : $$x'(t)=0.02(x(t))$$



Therefore $$x(t)=Ce^{0.02t}$$



In $t_0$ we know that $x(t_0)=8$, therefore $C=8*e^{-0.02t_0}$



So I got that $$x(t)=8*e^{(0.02(t-t_0))}$$



The number of people in $9$ months are $t-t_0=3/4$



Therefore I got : $$x(t)=8*e^{0.02(0.75)}=8.1209$$



In the text book the right answer is $8.1197$



I don't understand what's wrong with my solution.



Any help will be appreciated, thanks.







ordinary-differential-equations proof-verification






share|cite|improve this question















share|cite|improve this question













share|cite|improve this question




share|cite|improve this question








edited 31 mins ago









Asaf Karagila

307k33440773




307k33440773










asked 4 hours ago









JaVaPGJaVaPG

1,4421620




1,4421620








  • 1




    $begingroup$
    This is wrong: $x′(t)=color{red}{0.02}(x(t)).$ The problem statement says an integrated increase in one year to be $0.02$ relative to the starting value, not the current rate of growth.
    $endgroup$
    – CiaPan
    4 hours ago










  • $begingroup$
    Thank you, Just to make sure I understand correctly the equation : $x'(t) = 0.02(x(t))$ means that the growth rate $(x'(t))$ of the population in time $t$ is defined by amount of people multiply by $0.02$ $(x(t)*0.02)$ its not correct since the change of the rate growth depends on the starting value $(t_0=0)$ hence present time.
    $endgroup$
    – JaVaPG
    3 hours ago
















  • 1




    $begingroup$
    This is wrong: $x′(t)=color{red}{0.02}(x(t)).$ The problem statement says an integrated increase in one year to be $0.02$ relative to the starting value, not the current rate of growth.
    $endgroup$
    – CiaPan
    4 hours ago










  • $begingroup$
    Thank you, Just to make sure I understand correctly the equation : $x'(t) = 0.02(x(t))$ means that the growth rate $(x'(t))$ of the population in time $t$ is defined by amount of people multiply by $0.02$ $(x(t)*0.02)$ its not correct since the change of the rate growth depends on the starting value $(t_0=0)$ hence present time.
    $endgroup$
    – JaVaPG
    3 hours ago










1




1




$begingroup$
This is wrong: $x′(t)=color{red}{0.02}(x(t)).$ The problem statement says an integrated increase in one year to be $0.02$ relative to the starting value, not the current rate of growth.
$endgroup$
– CiaPan
4 hours ago




$begingroup$
This is wrong: $x′(t)=color{red}{0.02}(x(t)).$ The problem statement says an integrated increase in one year to be $0.02$ relative to the starting value, not the current rate of growth.
$endgroup$
– CiaPan
4 hours ago












$begingroup$
Thank you, Just to make sure I understand correctly the equation : $x'(t) = 0.02(x(t))$ means that the growth rate $(x'(t))$ of the population in time $t$ is defined by amount of people multiply by $0.02$ $(x(t)*0.02)$ its not correct since the change of the rate growth depends on the starting value $(t_0=0)$ hence present time.
$endgroup$
– JaVaPG
3 hours ago






$begingroup$
Thank you, Just to make sure I understand correctly the equation : $x'(t) = 0.02(x(t))$ means that the growth rate $(x'(t))$ of the population in time $t$ is defined by amount of people multiply by $0.02$ $(x(t)*0.02)$ its not correct since the change of the rate growth depends on the starting value $(t_0=0)$ hence present time.
$endgroup$
– JaVaPG
3 hours ago












4 Answers
4






active

oldest

votes


















3












$begingroup$

You don't have to assume the exponential form to begin with. In fact, if this is an exercise on ordinary differential equations, then you shouldn't in fact assume the form.



Instead, recognise the basic behaviour - this is a continuous growth model where the rate of increase of population $frac {dP}{dt}$ is proportional to the present population $P$. Let the constant of proportionality be an unknown $k$ (which is to be determined).



So you start with $frac{dP}{dt} = kP$, solve it to get $ln P = kt + C$, where $C$ is another constant (of indefinite integration), giving $P = Ce^{kt}$.



Now, you know that when $t=0$ (at the start), the population is $P_0$, the initial population. So $P_0 = C$, and the solution can be written $P = P_0e^{kt}$.



You're also told that when $t=1$, $P = 1.02P_0$ (that's how you use the $2 %$ increase given in the question).



So $1.02P_0 = P_0e^{k}$, giving $k = ln{1.02}$.



Your final equation is therefore $P = P_0e^{tln{1.02}} = P_01.02^t = (8 times 10^9)1.02^t$, into which you can substitute $t=0.75$ to get the correct required value.



So, pro tip: don't start out assuming the constants in your ODE, get a general form first then work out the constants using what's given.






share|cite|improve this answer











$endgroup$





















    2












    $begingroup$

    The function that you're after is an exponential one; to be more precise, it is of the type $f(t)=8e^{kt}$. What is the value of $k$? It musto be such that $f(1)=8times1.02$, which means that $k=log(1.02)$. So, $f(t)=8e^{log(1.02)t}$ and $f(1)$ is indeed about $8.1197$.






    share|cite|improve this answer









    $endgroup$













    • $begingroup$
      But the change each year is defined by $x′(t)=0.02(x(t))$ therefore $k=0.02$ in $t_0=0$ while $t_0$ is present time we get that $f(0)=8$
      $endgroup$
      – JaVaPG
      4 hours ago










    • $begingroup$
      No, it is not defined like that. It is defined so that $x(t+1)=1.02times x(t)$. And your function does not fulfill this condition.
      $endgroup$
      – José Carlos Santos
      4 hours ago



















    0












    $begingroup$

    This is wrong:




    The change each year is :
    $$x′(t)=0.02(x(t))$$




    Plug in you your numbers:



    $$x(t)=8∗e^{0.02(t−t_0)}$$



    At $t=1+t_0$ year we get



    $$x(1)=8∗e^{0.02}$$



    or



    $$x(1) = 8161610720.21$$



    The question clearly stated that over 1 year, the people would increase by 2%. 2% of 8 billion is 160 million, not 161.6 million.



    The core of the problem is:



    $$x′(t)=0.02(x(t))$$



    does not correspond to an annual growth rate of 2%. It corresponds to an annual growth rate a bit over 2%.



    You want



    $$x′(t)=ln(1.02)(x(t))$$



    for an annual growth rate of 2%.



    That gives you an equation of



    $$x(t)=8∗e^{ln(1.02)(t−t_0)}$$



    and $x(1) = 8 * e^{ln(1.02)} = 8 *1.02 $ as the problem requires.



    Your answer is close because $ln(1+x) ~ x$ for small $x$.



    $x'(t) = 0.02x(t)$ means that the derivative at a point t is 0.02 times the value at point t. That isn't quite the right value to produce a growth factor of 1.02 from $t=0$ to $t=1$, because that growth compounds.






    share|cite|improve this answer









    $endgroup$





















      -1












      $begingroup$

      There are two types of exponential functions:
      $$text{ordinary: } S=P(1+r)^t text{and} text{natural: } S=Pe^{rt}.$$
      You used natural:
      $$S=8cdot e^{0.02cdot frac{9}{12}}=8.1209045,$$
      whereas the textbook used ordinary:
      $$S=8cdot (1+0.02)^{frac{9}{12}}=8.119702.$$
      The population grows continuously, so the natural exponential function is more realistic.






      share|cite|improve this answer









      $endgroup$














        Your Answer





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        4 Answers
        4






        active

        oldest

        votes








        4 Answers
        4






        active

        oldest

        votes









        active

        oldest

        votes






        active

        oldest

        votes









        3












        $begingroup$

        You don't have to assume the exponential form to begin with. In fact, if this is an exercise on ordinary differential equations, then you shouldn't in fact assume the form.



        Instead, recognise the basic behaviour - this is a continuous growth model where the rate of increase of population $frac {dP}{dt}$ is proportional to the present population $P$. Let the constant of proportionality be an unknown $k$ (which is to be determined).



        So you start with $frac{dP}{dt} = kP$, solve it to get $ln P = kt + C$, where $C$ is another constant (of indefinite integration), giving $P = Ce^{kt}$.



        Now, you know that when $t=0$ (at the start), the population is $P_0$, the initial population. So $P_0 = C$, and the solution can be written $P = P_0e^{kt}$.



        You're also told that when $t=1$, $P = 1.02P_0$ (that's how you use the $2 %$ increase given in the question).



        So $1.02P_0 = P_0e^{k}$, giving $k = ln{1.02}$.



        Your final equation is therefore $P = P_0e^{tln{1.02}} = P_01.02^t = (8 times 10^9)1.02^t$, into which you can substitute $t=0.75$ to get the correct required value.



        So, pro tip: don't start out assuming the constants in your ODE, get a general form first then work out the constants using what's given.






        share|cite|improve this answer











        $endgroup$


















          3












          $begingroup$

          You don't have to assume the exponential form to begin with. In fact, if this is an exercise on ordinary differential equations, then you shouldn't in fact assume the form.



          Instead, recognise the basic behaviour - this is a continuous growth model where the rate of increase of population $frac {dP}{dt}$ is proportional to the present population $P$. Let the constant of proportionality be an unknown $k$ (which is to be determined).



          So you start with $frac{dP}{dt} = kP$, solve it to get $ln P = kt + C$, where $C$ is another constant (of indefinite integration), giving $P = Ce^{kt}$.



          Now, you know that when $t=0$ (at the start), the population is $P_0$, the initial population. So $P_0 = C$, and the solution can be written $P = P_0e^{kt}$.



          You're also told that when $t=1$, $P = 1.02P_0$ (that's how you use the $2 %$ increase given in the question).



          So $1.02P_0 = P_0e^{k}$, giving $k = ln{1.02}$.



          Your final equation is therefore $P = P_0e^{tln{1.02}} = P_01.02^t = (8 times 10^9)1.02^t$, into which you can substitute $t=0.75$ to get the correct required value.



          So, pro tip: don't start out assuming the constants in your ODE, get a general form first then work out the constants using what's given.






          share|cite|improve this answer











          $endgroup$
















            3












            3








            3





            $begingroup$

            You don't have to assume the exponential form to begin with. In fact, if this is an exercise on ordinary differential equations, then you shouldn't in fact assume the form.



            Instead, recognise the basic behaviour - this is a continuous growth model where the rate of increase of population $frac {dP}{dt}$ is proportional to the present population $P$. Let the constant of proportionality be an unknown $k$ (which is to be determined).



            So you start with $frac{dP}{dt} = kP$, solve it to get $ln P = kt + C$, where $C$ is another constant (of indefinite integration), giving $P = Ce^{kt}$.



            Now, you know that when $t=0$ (at the start), the population is $P_0$, the initial population. So $P_0 = C$, and the solution can be written $P = P_0e^{kt}$.



            You're also told that when $t=1$, $P = 1.02P_0$ (that's how you use the $2 %$ increase given in the question).



            So $1.02P_0 = P_0e^{k}$, giving $k = ln{1.02}$.



            Your final equation is therefore $P = P_0e^{tln{1.02}} = P_01.02^t = (8 times 10^9)1.02^t$, into which you can substitute $t=0.75$ to get the correct required value.



            So, pro tip: don't start out assuming the constants in your ODE, get a general form first then work out the constants using what's given.






            share|cite|improve this answer











            $endgroup$



            You don't have to assume the exponential form to begin with. In fact, if this is an exercise on ordinary differential equations, then you shouldn't in fact assume the form.



            Instead, recognise the basic behaviour - this is a continuous growth model where the rate of increase of population $frac {dP}{dt}$ is proportional to the present population $P$. Let the constant of proportionality be an unknown $k$ (which is to be determined).



            So you start with $frac{dP}{dt} = kP$, solve it to get $ln P = kt + C$, where $C$ is another constant (of indefinite integration), giving $P = Ce^{kt}$.



            Now, you know that when $t=0$ (at the start), the population is $P_0$, the initial population. So $P_0 = C$, and the solution can be written $P = P_0e^{kt}$.



            You're also told that when $t=1$, $P = 1.02P_0$ (that's how you use the $2 %$ increase given in the question).



            So $1.02P_0 = P_0e^{k}$, giving $k = ln{1.02}$.



            Your final equation is therefore $P = P_0e^{tln{1.02}} = P_01.02^t = (8 times 10^9)1.02^t$, into which you can substitute $t=0.75$ to get the correct required value.



            So, pro tip: don't start out assuming the constants in your ODE, get a general form first then work out the constants using what's given.







            share|cite|improve this answer














            share|cite|improve this answer



            share|cite|improve this answer








            edited 3 hours ago

























            answered 3 hours ago









            DeepakDeepak

            17.7k11539




            17.7k11539























                2












                $begingroup$

                The function that you're after is an exponential one; to be more precise, it is of the type $f(t)=8e^{kt}$. What is the value of $k$? It musto be such that $f(1)=8times1.02$, which means that $k=log(1.02)$. So, $f(t)=8e^{log(1.02)t}$ and $f(1)$ is indeed about $8.1197$.






                share|cite|improve this answer









                $endgroup$













                • $begingroup$
                  But the change each year is defined by $x′(t)=0.02(x(t))$ therefore $k=0.02$ in $t_0=0$ while $t_0$ is present time we get that $f(0)=8$
                  $endgroup$
                  – JaVaPG
                  4 hours ago










                • $begingroup$
                  No, it is not defined like that. It is defined so that $x(t+1)=1.02times x(t)$. And your function does not fulfill this condition.
                  $endgroup$
                  – José Carlos Santos
                  4 hours ago
















                2












                $begingroup$

                The function that you're after is an exponential one; to be more precise, it is of the type $f(t)=8e^{kt}$. What is the value of $k$? It musto be such that $f(1)=8times1.02$, which means that $k=log(1.02)$. So, $f(t)=8e^{log(1.02)t}$ and $f(1)$ is indeed about $8.1197$.






                share|cite|improve this answer









                $endgroup$













                • $begingroup$
                  But the change each year is defined by $x′(t)=0.02(x(t))$ therefore $k=0.02$ in $t_0=0$ while $t_0$ is present time we get that $f(0)=8$
                  $endgroup$
                  – JaVaPG
                  4 hours ago










                • $begingroup$
                  No, it is not defined like that. It is defined so that $x(t+1)=1.02times x(t)$. And your function does not fulfill this condition.
                  $endgroup$
                  – José Carlos Santos
                  4 hours ago














                2












                2








                2





                $begingroup$

                The function that you're after is an exponential one; to be more precise, it is of the type $f(t)=8e^{kt}$. What is the value of $k$? It musto be such that $f(1)=8times1.02$, which means that $k=log(1.02)$. So, $f(t)=8e^{log(1.02)t}$ and $f(1)$ is indeed about $8.1197$.






                share|cite|improve this answer









                $endgroup$



                The function that you're after is an exponential one; to be more precise, it is of the type $f(t)=8e^{kt}$. What is the value of $k$? It musto be such that $f(1)=8times1.02$, which means that $k=log(1.02)$. So, $f(t)=8e^{log(1.02)t}$ and $f(1)$ is indeed about $8.1197$.







                share|cite|improve this answer












                share|cite|improve this answer



                share|cite|improve this answer










                answered 4 hours ago









                José Carlos SantosJosé Carlos Santos

                171k23132240




                171k23132240












                • $begingroup$
                  But the change each year is defined by $x′(t)=0.02(x(t))$ therefore $k=0.02$ in $t_0=0$ while $t_0$ is present time we get that $f(0)=8$
                  $endgroup$
                  – JaVaPG
                  4 hours ago










                • $begingroup$
                  No, it is not defined like that. It is defined so that $x(t+1)=1.02times x(t)$. And your function does not fulfill this condition.
                  $endgroup$
                  – José Carlos Santos
                  4 hours ago


















                • $begingroup$
                  But the change each year is defined by $x′(t)=0.02(x(t))$ therefore $k=0.02$ in $t_0=0$ while $t_0$ is present time we get that $f(0)=8$
                  $endgroup$
                  – JaVaPG
                  4 hours ago










                • $begingroup$
                  No, it is not defined like that. It is defined so that $x(t+1)=1.02times x(t)$. And your function does not fulfill this condition.
                  $endgroup$
                  – José Carlos Santos
                  4 hours ago
















                $begingroup$
                But the change each year is defined by $x′(t)=0.02(x(t))$ therefore $k=0.02$ in $t_0=0$ while $t_0$ is present time we get that $f(0)=8$
                $endgroup$
                – JaVaPG
                4 hours ago




                $begingroup$
                But the change each year is defined by $x′(t)=0.02(x(t))$ therefore $k=0.02$ in $t_0=0$ while $t_0$ is present time we get that $f(0)=8$
                $endgroup$
                – JaVaPG
                4 hours ago












                $begingroup$
                No, it is not defined like that. It is defined so that $x(t+1)=1.02times x(t)$. And your function does not fulfill this condition.
                $endgroup$
                – José Carlos Santos
                4 hours ago




                $begingroup$
                No, it is not defined like that. It is defined so that $x(t+1)=1.02times x(t)$. And your function does not fulfill this condition.
                $endgroup$
                – José Carlos Santos
                4 hours ago











                0












                $begingroup$

                This is wrong:




                The change each year is :
                $$x′(t)=0.02(x(t))$$




                Plug in you your numbers:



                $$x(t)=8∗e^{0.02(t−t_0)}$$



                At $t=1+t_0$ year we get



                $$x(1)=8∗e^{0.02}$$



                or



                $$x(1) = 8161610720.21$$



                The question clearly stated that over 1 year, the people would increase by 2%. 2% of 8 billion is 160 million, not 161.6 million.



                The core of the problem is:



                $$x′(t)=0.02(x(t))$$



                does not correspond to an annual growth rate of 2%. It corresponds to an annual growth rate a bit over 2%.



                You want



                $$x′(t)=ln(1.02)(x(t))$$



                for an annual growth rate of 2%.



                That gives you an equation of



                $$x(t)=8∗e^{ln(1.02)(t−t_0)}$$



                and $x(1) = 8 * e^{ln(1.02)} = 8 *1.02 $ as the problem requires.



                Your answer is close because $ln(1+x) ~ x$ for small $x$.



                $x'(t) = 0.02x(t)$ means that the derivative at a point t is 0.02 times the value at point t. That isn't quite the right value to produce a growth factor of 1.02 from $t=0$ to $t=1$, because that growth compounds.






                share|cite|improve this answer









                $endgroup$


















                  0












                  $begingroup$

                  This is wrong:




                  The change each year is :
                  $$x′(t)=0.02(x(t))$$




                  Plug in you your numbers:



                  $$x(t)=8∗e^{0.02(t−t_0)}$$



                  At $t=1+t_0$ year we get



                  $$x(1)=8∗e^{0.02}$$



                  or



                  $$x(1) = 8161610720.21$$



                  The question clearly stated that over 1 year, the people would increase by 2%. 2% of 8 billion is 160 million, not 161.6 million.



                  The core of the problem is:



                  $$x′(t)=0.02(x(t))$$



                  does not correspond to an annual growth rate of 2%. It corresponds to an annual growth rate a bit over 2%.



                  You want



                  $$x′(t)=ln(1.02)(x(t))$$



                  for an annual growth rate of 2%.



                  That gives you an equation of



                  $$x(t)=8∗e^{ln(1.02)(t−t_0)}$$



                  and $x(1) = 8 * e^{ln(1.02)} = 8 *1.02 $ as the problem requires.



                  Your answer is close because $ln(1+x) ~ x$ for small $x$.



                  $x'(t) = 0.02x(t)$ means that the derivative at a point t is 0.02 times the value at point t. That isn't quite the right value to produce a growth factor of 1.02 from $t=0$ to $t=1$, because that growth compounds.






                  share|cite|improve this answer









                  $endgroup$
















                    0












                    0








                    0





                    $begingroup$

                    This is wrong:




                    The change each year is :
                    $$x′(t)=0.02(x(t))$$




                    Plug in you your numbers:



                    $$x(t)=8∗e^{0.02(t−t_0)}$$



                    At $t=1+t_0$ year we get



                    $$x(1)=8∗e^{0.02}$$



                    or



                    $$x(1) = 8161610720.21$$



                    The question clearly stated that over 1 year, the people would increase by 2%. 2% of 8 billion is 160 million, not 161.6 million.



                    The core of the problem is:



                    $$x′(t)=0.02(x(t))$$



                    does not correspond to an annual growth rate of 2%. It corresponds to an annual growth rate a bit over 2%.



                    You want



                    $$x′(t)=ln(1.02)(x(t))$$



                    for an annual growth rate of 2%.



                    That gives you an equation of



                    $$x(t)=8∗e^{ln(1.02)(t−t_0)}$$



                    and $x(1) = 8 * e^{ln(1.02)} = 8 *1.02 $ as the problem requires.



                    Your answer is close because $ln(1+x) ~ x$ for small $x$.



                    $x'(t) = 0.02x(t)$ means that the derivative at a point t is 0.02 times the value at point t. That isn't quite the right value to produce a growth factor of 1.02 from $t=0$ to $t=1$, because that growth compounds.






                    share|cite|improve this answer









                    $endgroup$



                    This is wrong:




                    The change each year is :
                    $$x′(t)=0.02(x(t))$$




                    Plug in you your numbers:



                    $$x(t)=8∗e^{0.02(t−t_0)}$$



                    At $t=1+t_0$ year we get



                    $$x(1)=8∗e^{0.02}$$



                    or



                    $$x(1) = 8161610720.21$$



                    The question clearly stated that over 1 year, the people would increase by 2%. 2% of 8 billion is 160 million, not 161.6 million.



                    The core of the problem is:



                    $$x′(t)=0.02(x(t))$$



                    does not correspond to an annual growth rate of 2%. It corresponds to an annual growth rate a bit over 2%.



                    You want



                    $$x′(t)=ln(1.02)(x(t))$$



                    for an annual growth rate of 2%.



                    That gives you an equation of



                    $$x(t)=8∗e^{ln(1.02)(t−t_0)}$$



                    and $x(1) = 8 * e^{ln(1.02)} = 8 *1.02 $ as the problem requires.



                    Your answer is close because $ln(1+x) ~ x$ for small $x$.



                    $x'(t) = 0.02x(t)$ means that the derivative at a point t is 0.02 times the value at point t. That isn't quite the right value to produce a growth factor of 1.02 from $t=0$ to $t=1$, because that growth compounds.







                    share|cite|improve this answer












                    share|cite|improve this answer



                    share|cite|improve this answer










                    answered 29 mins ago









                    YakkYakk

                    81557




                    81557























                        -1












                        $begingroup$

                        There are two types of exponential functions:
                        $$text{ordinary: } S=P(1+r)^t text{and} text{natural: } S=Pe^{rt}.$$
                        You used natural:
                        $$S=8cdot e^{0.02cdot frac{9}{12}}=8.1209045,$$
                        whereas the textbook used ordinary:
                        $$S=8cdot (1+0.02)^{frac{9}{12}}=8.119702.$$
                        The population grows continuously, so the natural exponential function is more realistic.






                        share|cite|improve this answer









                        $endgroup$


















                          -1












                          $begingroup$

                          There are two types of exponential functions:
                          $$text{ordinary: } S=P(1+r)^t text{and} text{natural: } S=Pe^{rt}.$$
                          You used natural:
                          $$S=8cdot e^{0.02cdot frac{9}{12}}=8.1209045,$$
                          whereas the textbook used ordinary:
                          $$S=8cdot (1+0.02)^{frac{9}{12}}=8.119702.$$
                          The population grows continuously, so the natural exponential function is more realistic.






                          share|cite|improve this answer









                          $endgroup$
















                            -1












                            -1








                            -1





                            $begingroup$

                            There are two types of exponential functions:
                            $$text{ordinary: } S=P(1+r)^t text{and} text{natural: } S=Pe^{rt}.$$
                            You used natural:
                            $$S=8cdot e^{0.02cdot frac{9}{12}}=8.1209045,$$
                            whereas the textbook used ordinary:
                            $$S=8cdot (1+0.02)^{frac{9}{12}}=8.119702.$$
                            The population grows continuously, so the natural exponential function is more realistic.






                            share|cite|improve this answer









                            $endgroup$



                            There are two types of exponential functions:
                            $$text{ordinary: } S=P(1+r)^t text{and} text{natural: } S=Pe^{rt}.$$
                            You used natural:
                            $$S=8cdot e^{0.02cdot frac{9}{12}}=8.1209045,$$
                            whereas the textbook used ordinary:
                            $$S=8cdot (1+0.02)^{frac{9}{12}}=8.119702.$$
                            The population grows continuously, so the natural exponential function is more realistic.







                            share|cite|improve this answer












                            share|cite|improve this answer



                            share|cite|improve this answer










                            answered 4 hours ago









                            farruhotafarruhota

                            21.7k2842




                            21.7k2842






























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