Step 1 :Given that the population of Nilam doubles every 6 years, we can model this growth with an exponential function of the form \(P(t)=P_{0} n^{\frac{t}{T}}\), where \(P_{0}\) is the initial population, \(n\) is the growth factor, \(t\) is the time in years, and \(T\) is the time it takes for the population to double.
Step 2 :Substituting the given values into the equation, we get \(P(t)=10000 \times 2^{\frac{t}{6}}\).
Step 3 :We can also express this exponential growth in the form \(P(t)=P_{0} e^{r t}\), where \(r\) is the growth rate. To find \(r\), we can use the formula \(r=\frac{\ln(n)}{T}\).
Step 4 :Substituting the given values into the equation, we get \(r=\frac{\ln(2)}{6}\approx 0.1155\). So, the equivalent exponential model is \(P(t)=10000 e^{0.1155 t}\).
Step 5 :The yearly percentage growth rate can be found by multiplying the growth rate \(r\) by 100. So, Nilam's yearly percentage growth rate is \(0.1155 \times 100\% \approx 11.55\%\).
Step 6 :\(\boxed{P(t)=10000 \times 2^{\frac{t}{6}}, P(t)=10000 e^{0.1155 t}, 11.55\%}\)