The population is increasing every year. so we use exponential growth function
Where 'a' is the initial population
r is the rate of increase
x is the years
y is the final population
In 2015, the population of a small town in Florida is 95
Initial population a= 95
r= 15%= 0.15
x = 2023 - 2015 = 8 years
Plug in all the values and find out y
y = 290.607
The population in 2023 is 291
(A) The customer that owns a 3-kW system exports 120 kWh monthly to the grid will have the following bills for both companies:
For ZG&E that collects $3 per kWh on a monthly basis, the monthly bill will be
For Ready Edison that collects $0.06 per kWh exported energy monthly, the computation of bill will be
(B) The customer that owns a 5-kW system exports 300 kWh monthly to the grid will have the following bills for both companies:
For ZG&E that collects $3 per kWh on a monthly basis, the monthly bill will be
For Ready Edison that collects $0.06 per kWh exported energy monthly, the computation of bill will be