for these two problems write an exponential equation to represent each situation. Be sure to define your variable. 2. The population of a town increases 3% every year. There are currently 25,000 people living in the town. When will the town have 40,000 people?3. The price of gas is declining 2% each week. The price is currently $2.06 per gallon. When will the price be $1.90 per gallon?

2. The population increases 3% every year. So, if N(t) be the population of the town at year t,…

Answered: 2. The population of a town increases…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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2. The population of a town increases 3% every year. There are currently 25,000 people living in the town. When will the town have 40,000 people? 3. The price of gas is declining 2% each week. The price is currently $2.06 per gallon. When will the price be $1.90 per gallon?