Answer :
Final answer:
The rate of change is approximately -704.41.
Explanation:
To find the rate at which the population was changing on January 1, 1984, we need to find the derivative of the population function. The derivative represents the rate of change. In this case, the population function is given as P = 29000(0.93)^t. Taking the derivative with respect to t, we get dP/dt = 29000 * ln(0.93) * (0.93)^t.
Now we substitute t = 1984-1960 = 24 into the derivative equation to find the rate at which the population was changing on January 1, 1984.
dP/dt = 29000 * ln(0.93) * (0.93)^24 ≈ -704.41
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