Concept:
Growth proportional to population follows exponential growth:
\[
\frac{dP}{dt} = kP
\]
Solution:
\[
P(t) = P_0 e^{kt}
\]
We use given values to find \(k\), then predict future population.
Step 1: Given data
\[
P_0 = 40000, \quad P(40) = 60000
\]
Using:
\[
P(40) = 40000 e^{40k}
\]
\[
60000 = 40000 e^{40k}
\]
\[
\frac{3}{2} = e^{40k}
\]
\[
k = \frac{1}{40} \ln\left(\frac{3}{2}\right)
\]
Step 2: Population after another 20 years
Total time = 60 years
\[
P(60) = 40000 e^{60k}
\]
Substitute \(k\):
\[
P(60) = 40000 \left(e^{40k}\right)^{3/2}
\]
Since \(e^{40k} = \frac{3}{2}\),
\[
P(60) = 40000 \left(\frac{3}{2}\right)^{3/2}
\]
Step 3: Simplify
\[
\left(\frac{3}{2}\right)^{3/2} = \sqrt{\frac{27}{8}}
\]
\[
P(60) = 40000 \cdot \sqrt{\frac{27}{8}}
\]
Approximate:
\[
\sqrt{\frac{27}{8}} \approx 1.837
\]
\[
P(60) \approx 40000 \times 1.837 \approx 73,480
\]
Final Answer:
\[
\boxed{P \approx 73,500 \text{ (approximately)}}
\]
Explanation:
Exponential growth means the growth factor remains constant. Using the growth ratio from the first 40 years allows prediction of future population.