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Question
the fish population in a lake can be modeled by the function $p(x) = 3,640(1.15)^x$, where $x$ represents the number of years since 2000. which statement best interprets one value in the function? a the fish population increases at a rate of 36.40% per year. b the initial fish population is 4,185. c the initial fish population is 115. d the fish population increases at a rate of 15% per year.
Step1: Recall exponential growth form
The standard exponential growth function is $P(x) = P_0(1+r)^x$, where $P_0$ is the initial population, $r$ is the annual growth rate, and $x$ is time in years.
Step2: Match given function to standard form
Given $P(x) = 3,640(1.15)^x$, compare to $P_0(1+r)^x$:
- $P_0 = 3640$ (initial population)
- $1+r = 1.15$, so $r = 1.15 - 1 = 0.15$ or 15%
Step3: Evaluate each option
- Option A: Incorrect, growth rate is 15%, not 36.40%.
- Option B: Incorrect, initial population is 3640, not 4186.
- Option C: Incorrect, initial population is 3640, not 115.
- Option D: Correct, $r=0.15$ means 15% annual growth rate.
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D. The fish population increases at a rate of 15% per year.