A country's population in 1995 was 197 million. In 2002 it was 201 million. Estimate the population in 2018 using the exponential growth formula. Round your answer to the nearest million

Question

Mathematics

Dale

15 February, 07:48

A country's population in 1995 was 197 million. In 2002 it was 201 million. Estimate the population in 2018 using the exponential growth formula. Round your answer to the nearest million

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Answers (1)

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Sincere Huber · Answer 1

First find the growth rate

201=197 (1+r) ^ (2001-1995)

Solve for r

R = ((201:197) ^ (1:7) - 1) * 100

R=0.29%

Predict the population in 2018

P=201 * (1+.0029) ^ (16)

P=210.5 ... answer