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A population shrinks from its initial level of 15,000 at a continuous decay rate of 6.7% per year. (a) Find a formula for P(t), the

A population shrinks from its initial level of 15,000 at a continuous decay rate of 6.7% per year.

(a) Find a formula for P(t), the population in t years.

(b) By what percent does the population shrink each year? (Round to the nearest 0.001%)

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