The Population P (In Thousands) of Orlando, Florida from 2000 $P = 1530.6 e ^ { k t }$

question 89

Multiple Choice

The population P (in thousands) of Orlando, Florida from 2000 through 2007 can be modeled by $P = 1530.6 e ^ { k t }$ where t represents the year, with $t = 0$ corresponding to 2000.In 2006, the population of Orlando, Florida was about 1,883,000.00.Find the value of k.

• A)k = 0.03183
• B)k = 0.02863
• C)k = 0.02163
• D)k = 0.03453
• E)k = 0.03063

---

Definitions:

35 Years

A period of thirty-five years, often referred to in the context of long-term investments or life events planning.

Invested

To distribute financial resources aiming for potential benefits down the line, including income or profits.

Investment

The allocation of resources, usually money, in the expectation of generating an income or profit over time.

Compounded Semi-Annually

The process of calculating and adding interest to the principal sum of a loan or deposit twice a year.