Chapter 4.2, Problem 56PE

The population of Canada in 2010 was approximately 34 million with an annual growth rate of 0.804%. At this rate, the population $P\left(t\right)$ (in millions) can be approximated by $P\left(t\right)=34{\left(1.00804\right)}^t$, where t is the time in years since 2010. (Source: www.cia.gov)

a. Is the graph of P an increasing or decreasing exponential function?

b. Evaluate $P\left(0\right)$ and interpret its meaning in the context of this problem.

c. Evaluate $P\left(5\right)$

and interpret its meaning in the context of this problem. Round the population value to the nearest million.

d. Evaluate $P\left(15\right)\text{ and }P\left(25\right)$