In: Advanced Math
make a first order differential equation from a problem in real life and give an explanation and derivative (the proof) of the formula
We are modelling exponential growth with a first order differential equation.
Taking into account a real life problem: A population of a small town grows proportionally to its current population with the assumption that initial population is 5000( say) and grows at the rate of 4% per year.
Tha problem has been solved in the solution provided below.