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22 March, 14:22

A population grows with an annual growth rate of 16.3 % per year. (a) what is the monthly growth rate?

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  1. 22 March, 14:50
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    Annual growth rate of population is 16.3%

    monthly growth rate = ?

    Months in one year = 12

    let x be the monthly growth of population.

    16.3% = 0.163

    1 + 0.163 = 1.163

    Now, (1.163) ¹/¹² = 1.01266

    for monthly growth percent

    1.01266 - 1 = 0.01266 = 0.01266 x 100 = 1.266%≈ 1.3%
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