In the formula N = N0ekt, does k stand for the "growth/decay rate". Because i thought the rate was dN/dt = kN. But questions like the following:
The population of a town has its rate of growth proportional to the polulation. If the anual growth rate is 0.02, and the original poluation is 2400, what would be the population in.. whatever.
So to establish the growth/decay formula (growth in this case because of the proportionality), dP/dt = kP, P0 = 2400, and k = 0.02?
It wouldnt make sense to say dP/dt = 0.02, and hence solve for k, kP = 0.02, because P is a variable. So im confused...
The population of a town has its rate of growth proportional to the polulation. If the anual growth rate is 0.02, and the original poluation is 2400, what would be the population in.. whatever.
So to establish the growth/decay formula (growth in this case because of the proportionality), dP/dt = kP, P0 = 2400, and k = 0.02?
It wouldnt make sense to say dP/dt = 0.02, and hence solve for k, kP = 0.02, because P is a variable. So im confused...