Answer:
r=4.5% daily
Step-by-step explanation:
Exponential Growth
The natural growth of some magnitudes can be modeled by the equation:
[tex]P=P_o(1+r)^t[/tex]
Where P is the actual amount of the magnitude, Po is its initial amount, r is the growth rate and t is the time.
We know after t=32 days, the population has increased by 309%. Being the original population P the 100%, then the population reached 309+100= 409%.
Substitute the given values into the model function:
[tex]409\%P_o=100\%P_o(1+r)^{32}[/tex]
Simplifying:
[tex]4.09=(1+r)^{32}[/tex]
We need to solve for r. Taking the 32nd root:
[tex]\sqrt[32]{4.09}=\sqrt[32]{(1+r)^{32}}[/tex]
Simplifying:
[tex]1+r=\sqrt[32]{4.09}=1.045[/tex]
Solving:
[tex]r=1.045-1\Rightarrow r=0.045[/tex]
r=4.5% daily
