Population Back Calculation C341C4
1. **State the problem:** We want to find the population of Bigtimeville in the year 2008 given that in 2025 the population is 63,881 and the net growth rate is $\frac{8}{1000}$ per year.
2. **Formula used:** The population growth can be modeled by the formula for exponential growth:
$$ P(t) = P_0 e^{rt} $$
where:
- $P(t)$ is the population at time $t$,
- $P_0$ is the initial population,
- $r$ is the growth rate per year,
- $t$ is the time in years.
3. **Identify variables:**
- Let $t=0$ correspond to the year 2008.
- The year 2025 corresponds to $t=2025-2008=17$ years.
- Given $P(17) = 63,881$ and $r = \frac{8}{1000} = 0.008$.
4. **Find $P_0$ (population in 2008):**
Rearranging the formula:
$$ P_0 = \frac{P(17)}{e^{r \times 17}} $$
5. **Calculate:**
$$ P_0 = \frac{63,881}{e^{0.008 \times 17}} = \frac{63,881}{e^{0.136}} $$
Calculate $e^{0.136}$:
$$ e^{0.136} \approx 1.1457 $$
So,
$$ P_0 = \frac{63,881}{1.1457} \approx 55,747 $$
6. **Answer:** The population of Bigtimeville in 2008 was approximately 55,747 people.