What Will the Population Be in 1997 Based on Exponential Growth?

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SUMMARY

The population of a midwestern city, which follows an exponential decay model, decreased from 900,000 in 1993 to 800,000 in 1995. Using the differential equation dN(t)/dt = kN(t) and boundary conditions N(0) = 900,000 and N(2) = 800,000, the decay constant k was calculated to be -0.058891518. Applying this model, the projected population for 1997 (t = 4) is approximately 711,111.

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jaypee
The following question is from a textbook..and I can't seem to solve it. Can someone help.
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The population of a midwestern city follows the exponential law. If the population decreased from 900,000 to 800,000 from 1993 to 1995, what will the population be in 1997?
 
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600000 ?
 
I'll solve this problem from scratch, so that you can see how the mathematical model is formulated:

We assume that population change is proportional to the current population size. (This assumption holds until the population grows large enough that competition for resources occurs). We thus have a differential equations as follows:

dN(t)/dt = kN(t) , t is measured in years

with boundary conditions:

N(0) = 900,000 ; N(2) = 800,000

We can solve this by seperating the variables:

∫ dN(t)/N(t) = ∫ kdt
ln|N(t)| = kt +A , A is an arbitrary constant
N(t) = Bekt

Now we use the boundary conditions:

N(0) = A = 900,000
N(2) = 900,000e2k = 800,000
=> k = -0.058891518
=> N(t) = 900,000e-0.058891518t

We now use the equation to find the population at time t = 4 (1997):

N(4) ~ 711,111

Now, if you haven't done any work on differential equations, then all of the above may as well have been written in French. So I'll solve the problem using the info given:

You were told that the population grows exponentially, and the most general form for an exponential equations is:

N(t) = Aekt , A and k are arbitrary constants

So we will use this equation and solve for A and k, as we did above:

N(0) = A = 900,000
N(2) = 900,000e2k = 800,000
=> k = -0.058891518
=> N(t) = 900,000e-0.058891518t

We now use the equation to find the population at time t = 4 (1997):

N(4) ~ 711,111
 

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