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The population in town A declined at a constant rate from 10 [#permalink]
09 Nov 2010, 11:23
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Difficulty:
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Question Stats:
100% (04:56) correct
0% (00:00) wrong based on 6 sessions
The population in town A declined at a constant rate from 10,000 in the year 1990 to 9,040 in the year 1998. The population in town B increased at a constant rate from 4,000 in the year 1994 to 4,560 in the year 1998. If the rates of change of population in towns A and B remain the same, in approximately what year will the populations in the two towns be equal?
Re: Solution anyone please? [#permalink]
09 Nov 2010, 13:07
Rate of decrease in population, in city A = (10000-9040)/8 = 120 persons/year Rate of increase in population, in city B = (4560-4000)/8 = 140 persons/year
Lets assume after t years, starting in 1990, the population becomes equals; => 10000 - 120*t = 4000 + 140*t => 260t = 6000 => t ~= 23 years
So, the populations for city A and B would be equal in year, 1990+23 = 2013.
Re: Solution anyone please? [#permalink]
09 Nov 2010, 13:21
anshumishra wrote:
Rate of decrease in population, in city A = (10000-9040)/8 = 120 persons/year Rate of increase in population, in city B = (4560-4000)/8 = 140 persons/year
Lets assume after t years, starting in 1990, the population becomes equals; => 10000 - 120*t = 4000 + 140*t => 260t = 6000 => t ~= 23 years
So, the populations for city A and B would be equal in year, 1990+23 = 2013.
Shouldn't you start at year 1998 because in city B had 4000 population in year 1994.
So I would use the equation
9040 - 120t = 4560 + 140t and solve for 17 < t < 18.
Re: Solution anyone please? [#permalink]
09 Nov 2010, 13:28
You are right. I made a mistake !
chaoswithin wrote:
anshumishra wrote:
Rate of decrease in population, in city A = (10000-9040)/8 = 120 persons/year Rate of increase in population, in city B = (4560-4000)/8 = 140 persons/year
Lets assume after t years, starting in 1990, the population becomes equals; => 10000 - 120*t = 4000 + 140*t => 260t = 6000 => t ~= 23 years
So, the populations for city A and B would be equal in year, 1990+23 = 2013.
Shouldn't you start at year 1998 because in city B had 4000 population in year 1994.
So I would use the equation
9040 - 120t = 4560 + 140t and solve for 17 < t < 18.
Re: Solution anyone please? [#permalink]
09 Nov 2010, 14:05
I think 2015 is the right answer. But what's wrong with this? An exponential function can be used to model population growth that has a constant percentage change in population: \(f(t)=ab^t\) Where f(t)= population after t years a=initial value b=growth factor t=time in years For town A: \(9040=10000b^8\) \(b=(9040/10000)^{1/8}=.987\) For town B: \(4560=4000b^4\) \(b=(4560/4000)^{1/4}=1.033\) Equating the two functions with an initial value corresponding to the year 1998 we get: \(9040(0.987)^t=4560(1.033)^t\) \(t=log1.98/(log1.033-log0.987)=14.99\) Therefore, 15 years after 1998, or in 2013, the populations of towns A and B will be the same.
Re: Solution anyone please? [#permalink]
09 Nov 2010, 14:44
1
This post received KUDOS
trx123 wrote:
The population in town A declined at a constant rate from 10,000 in the year 1990 to 9,040 in the year 1998. The population in town B increased at a constant rate from 4,000 in the year 1994 to 4,560 in the year 1998. If the rates of change of population in towns A and B remain the same, in approximately what year will the populations in the two towns be equal?
Town A : In 8 years declined from 10,000 to 9,040 ... So annualized decline of 1.2% Town B : In 4 years increased from 4,000 to 4,560 ... So annualized increase of 3.5%
Let it take x years to equate the two populations Current difference is 4480 Town A decreases at approx 90 people a year (since the pop changes from 9040 to lower .. we can calc this as approx 1.2% of around 8000) Town B increases at approx 210 people a year (since the pop changes from 4560 to higher .. we can calc this as approx 3.5% of around 6500) SO approx number of years = 4480/(300) = Approx 15
So answer should be 1998+15 = 2013
If you calculate this prcisely, you can verify it is 2013 as well _________________
Re: Solution anyone please? [#permalink]
09 Nov 2010, 15:35
Now I want to know what the actual answer is.
trx123 wrote:
I think 2015 is the right answer. But what's wrong with this? An exponential function can be used to model population growth that has a constant percentage change in population: \(f(t)=ab^t\) Where f(t)= population after t years a=initial value b=growth factor t=time in years For town A: \(9040=10000b^8\) \(b=(9040/10000)^{1/8}=.987\) For town B: \(4560=4000b^4\) \(b=(4560/4000)^{1/4}=1.033\) Equating the two functions with an initial value corresponding to the year 1998 we get: \(9040(0.987)^t=4560(1.033)^t\) \(t=log1.98/(log1.033-log0.987)=14.99\) Therefore, 15 years after 1998, or in 2013, the populations of towns A and B will be the same.
Your approach is different from mine in that I used constant numerical rate approach whereas you used a constant percent rate approach.
The two approach has to lead to different answers.
Your approach would show that Town A's population is decreasing at 1.3% per year.
Whereas my approach would show that Town A's population is decreasing at 120pp/year.
The thing to note about percent rate of change is that the number of population change would either accelerate or decelerate as time goes on.
Therefore, since Town A's population is decreasing, the number of population decreasing would gradually become smaller, whereas the number of population increase in Town B's population would gradually accelerate.
Because of this reason, the crossing point for the two towns would come earlier in the constant percent rate analysis than the crossing point for the two towns in the constant numerical rate analysis.
If I was given this on the GMAT I would just use the numerical rate approach and move on. If I tried to go the percent route, I might stress myself too much and jeopardize the rest of the QUANT section Anyone else have a take on this?
Re: Solution anyone please? [#permalink]
09 Nov 2010, 16:45
chaoswithin wrote:
anshumishra wrote:
Rate of decrease in population, in city A = (10000-9040)/8 = 120 persons/year Rate of increase in population, in city B = (4560-4000)/8 = 140 persons/year
Lets assume after t years, starting in 1990, the population becomes equals; => 10000 - 120*t = 4000 + 140*t => 260t = 6000 => t ~= 23 years
So, the populations for city A and B would be equal in year, 1990+23 = 2013.
Shouldn't you start at year 1998 because in city B had 4000 population in year 1994.
So I would use the equation
9040 - 120t = 4560 + 140t and solve for 17 < t < 18.
So year 2015 would be my answer.
I believe 2015 is the correct answer. The problem states that the population growth is constant. I used exponential growth, which as you sated is not constant but accelerates or decelerates with time. The constant rate formula is \(f(t)=9040-120t\) The exponential rate formula is: \(f(t)=9040(.987)^t\) Thank you for answering
Re: Solution anyone please? [#permalink]
10 Nov 2010, 07:44
The problem states that the population (the number of people) and not the percent of the population, increased or decreased at a constant rate. The word rate is defined as a value describing one quantity in terms of another. In this case one quantity is time, the other is number of people. Initially, I also assumed that the rate was the yearly percent change in population. The answer really depends how you interpret the question.
Re: Solution anyone please? [#permalink]
10 Nov 2010, 08:19
1
This post received KUDOS
Expert's post
The rate at which population increases is the percentage at which it increases. If I say, 'The population increases at a constant rate', I mean it increases in every time period by a fixed percentage e.g. 10%. In fact population increase is a typical example of compounding. But that really made the calculations here torturous, which is definitely not a characteristic of GMAT questions. If they want to say that they are referring to a constant increase/decrease in number of people, they need to say 'the population increases/decreases by a constant number of people every year' or something. _________________
Re: Solution anyone please? [#permalink]
10 Nov 2010, 11:20
VeritasPrepKarishma wrote:
The rate at which population increases is the percentage at which it increases. If I say, 'The population increases at a constant rate', I mean it increases in every time period by a fixed percentage e.g. 10%. In fact population increase is a typical example of compounding. But that really made the calculations here torturous, which is definitely not a characteristic of GMAT questions. If they want to say that they are referring to a constant increase/decrease in number of people, they need to say 'the population increases/decreases by a constant number of people every year' or something.
I agree with you and initially that was exactly my approach. But this problem was taken from a multiple choice Arizona teacher proficiency test. The answer key gave the correct answer as 2015. So I presume that they meant constant number of people. Anyway, thanks for your help.
Re: Solution anyone please? [#permalink]
11 Nov 2010, 12:12
Quote:
The rate at which population increases is the percentage at which it increases. If I say, 'The population increases at a constant rate', I mean it increases in every time period by a fixed percentage e.g. 10%. In fact population increase is a typical example of compounding. But that really made the calculations here torturous, which is definitely not a characteristic of GMAT questions. If they want to say that they are referring to a constant increase/decrease in number of people, they need to say 'the population increases/decreases by a constant number of people every year' or something.
Re: Solution anyone please? [#permalink]
26 Nov 2013, 05:56
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