Suppose that the function \(y = P(t)\) measures the population of a city (in thousands) at the start of year \(t\) (where \(t = 0\) corresponds to 2010 AD). We are told that \(P'(2) = 21.37\text{.}\) What is the meaning of this value?
Since \(P\) is measured in thousands and \(t\) is measured in years, we can say that the instantaneous rate of change of the city’s population with respect to time at the start of 2012 is 21.37 thousand people per year. We therefore expect that in the coming year, about 21,370 people will be added to the city’s population.