A city's population is represented by the function P=25,000(1.0095)t , where t is time in years. How could the function be rewritten to identify the daily growth rate of the population? What is the approximate daily growth rate?
1) P=25,000(1+0.0095)ᵗ/365
2) P=25,000(1+0.0095¹/365)³⁶5t
3) P=25,000(1.0095¹/365)³⁶5
4) 0.95
5) 0.003
6) 0.0012
