The population $P$ of an island $y$ years after colonization is given by the function: $\displaystyle P = \frac{250}{1 + 4e^{-0.01y}}$. After how many years was the population growing the fastest?
I tried taking the second derivative and setting it equal to zero. From there I solved for $y$ but kept getting $y = 0$. Which doesn't make too much sense so I was wondering how anyone would go about answering this problem.
This is a Logistic Growth problem. So... $$P'(y) = kP(L - P)$$ and $$P(y) = {L \over {1 + C{e^{ - ky}}}}$$
If we add in the specifics of your problem...
$$\eqalign{ & P = {{250} \over {1 + 4{e^{ - 0.01y}}}} \cr & P'(y) = kP(L - P) = 0.01P(250 - P) = 2.5P(y) - .01P{(y)^2} \cr & P'' = 2.5 - .02P = 0 \cr & P = 125 \cr & 125 = {{250} \over {1 + 4{e^{ - 0.01y}}}} \cr & 125 + 500{e^{ - 0.01y}} = 250 \cr & {e^{ - 0.01y}} = .25 \cr & y = {{\ln (.25)} \over { - 0.01}} = 138.62 \cr} $$
For future reference, in these types of problems the population is always growing the fastest when $$P=L/2$$