Given:
Initial population = 100 algae
Growth rate = 30% per day.
Time = 5 days
To find:
The future amount of population.
Solution:
The exponential growth model is
![y=a(1+r)^t](https://tex.z-dn.net/?f=y%3Da%281%2Br%29%5Et)
where, a is the initial value, r is the rate of interest in percent and t is time period.
Substituting the given values, we get
![y=100(1+\dfrac{30}{100})^5](https://tex.z-dn.net/?f=y%3D100%281%2B%5Cdfrac%7B30%7D%7B100%7D%29%5E5)
![y=100(1+0.30)^5](https://tex.z-dn.net/?f=y%3D100%281%2B0.30%29%5E5)
Now, solve this.
![y=100(1.30)^5](https://tex.z-dn.net/?f=y%3D100%281.30%29%5E5)
![y=100(3.71293)](https://tex.z-dn.net/?f=y%3D100%283.71293%29)
![y=371.293](https://tex.z-dn.net/?f=y%3D371.293)
Therefore, the future value is 371.293 algae.